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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: “White Soldiers” committing to attack

Galina Svetlova

EUR/USD: “White Soldiers” committing to attack

There're a “Morning Doji Star” and a “Three White Soldiers” at the last low, but the main trend is a still bearish one. The market is likely going to get a resistance on the nearest Moving Average lines. If so, bears will have a chance to reach the lower “Window” one more time. As we can see on the Daily chart, today’s candle is in progress, but considering a very bullish opening this morning it’s likely to see a price movement towards the 144 Moving Average.

EUR/USD: “White Soldiers” committing to attack

We've got a “Tweezers” and an “Inverted Hammer” on the nearest support line. Moreover, a “Three Methods” pattern has been formed, so the pair is likely going to achieve the last “Window”. If we see a pullback from this area, sellers will probably try to return to the market.

EUR
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