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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: "High Wave" has stopped bears

Galina Svetlova

EUR/USD: "High Wave" has stopped bears

We’ve got a “Harami” and a “Doji” at the last high, which both have been confirmed. Therefore, the market is likely going to reach the nearest resistance line and start to decline afterwards. As we can see on the Daily chart, a possible “Three Methods” pattern was finally formed by the last “Engulfing” candle. So, today’s candle is probably going to be a black one.

EUR/USD: "High Wave" has stopped bears

The price has returned to the Monday's “Window”, which obviously can act as a support. We’ve got a “High Wave” at the local low, but it hasn't been confirmed yet. Under this circumstances, there’s an opportunity to see a bullish correction towards the nearest Moving Average lines.

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