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: "Doji" brought the correction to naught

Galina Svetlova

EUR/USD: Doji brought to naught the correction

There's a “Three Methods” pattern at the last high, which indicates a possibility of the continuing rise. The last candle closed above the previously resistance line, which is start acting as a support. So, the market is likely going to rise with an open door for a local correction. As we can see on the Daily chart, yesterday’s candle achieved the target level, so we’ve got a chance that today’s candle is going to be the bullish one.

EUR/USD: Doji brought to naught the correction

We've got a flat correction in progress on the one-hour chart. There's a “Tweezers” pattern on the last high, but a “Doji” arrived on the local low and the 13 Moving Average. So, the pair is likely going to rise during the day until any bearish pattern forms.

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