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: "Crows" set up a bearish correction

Galina Svetlova

EUR/USD: "Black Crows" set up a bearish correction

There’re a “Doji” and “Engulfing” at the last high, so it’s likely possible to see a deeper downward correction to the nearest support line. As we can see on the Daily chart, reversal patterns such as a “Deliberation” and a “High Wave” haven’t been confirmed yet.

EUR/USD: "Black Crows" set up a bearish correction

We’ve got a flat correction in progress, which brought an “Engulfing” and a “Three Black Crows”. Considering there’s a “Three Methods” pattern, the current correction is likely going to be continued towards the nearest Moving Average until any bullish pattern arrives.

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