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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: "window" acted as a strong support

Galina Svetlova

EUR/USD: "window" acted as a strong support

There's a “Tweezers” pattern at the last low, which has been formed above the nearest “Window” area. So, it’s likely that the price is going to reach the upper “Window”. If we see a pullback from it, then bears will have a chance to return to the market. As we can see on the Daily chart, after a “Harami” and a “Three Black Crows” have been formed, we’ve got series of bearish candles. Despite of there isn’t any reversal pattern, a possibility of local correction is still on the table.

EUR/USD: "window" acted as a strong support

We’ve got a flat above the lower “Window”. There’s a “Engulfing Bullish” at the local low, which has been confirmed by the following “Three Methods” pattern. In the short term the market is likely going to taste the “Window” once again and try to achieve the nearest resistance afterwards.

EUR
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