379
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.

EUR
Scroll to top