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Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

EUR/USD: bear's "pole star"

Galina Svetlova

EUR/USD: bear's "pole star"

The price has found a resistance, which brought some reversal patterns such as a “High Wave” and a “Tweezers”. The last candles are bearish, so the current correction is likely going to the nearest support line. However, we haven’t got any reversal patterns yet on the Daily chart. It means that we can see the market higher after the downward correction ends.

EUR/USD: bear's "pole star"

There’re a “Tweezers’, a “Shooting star” and a “Harami” at the last high. The last candles are bearish, so we can expect that the current correction is going to be continued towards the nearest support. If a pullback appears afterwards, then bulls might start a new rally.

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