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: "Three Methods". Three in a row

Galina Svetlova

EUR/USD: "Three Methods". Three in a row.

We've got three “Three Methods” patterns in a row, so the price has almost reached the nearest resistance, which can bring any bearish pattern. As we can see on the Daily chart, the market has been growing since Monday as a “Piercing Line” and a “Belt Hold” have been formed at the local low. It’s likely to see a test of the nearest resistance during the day.

EUR/USD: "Three Methods". Three in a row.

There’s a “Morning Star” on the Moving Average lines, so the price has a reason to continue rising. The market is likely going to move on towards the next resistance, so we should be prepared to see any bearish pattern on this level.

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