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: "Window" restrained bearish correction

Galian Svetlova

EUR/USD: "Window" has restrained bearish correction

As much as four “Three Methods” patterns were formed last week, which led to the current bullish price movement. Considering that a “Harami” at the local high hasn’t been confirmed, the market is probably going to reach the nearest resistance. We should keep in mind that it’s likely posible to see any kind of reversal pattern on this level. As we can see on the Daily chart, all last candles are bullish, but if buyers be stopped on the nearest resistance line, there’ll be time for bearish revenge.

EUR/USD: "Window" has restrained bearish correction

We’ve got a new “Window”, which already acted as a support, so Friday’s high was broken. It’s interesting that this “Window” wasn’t closed, because the last candles couldn’t close under its lower side. Despite of this very bullish situation, the chance to see any bearish pattern on the nearest resistance is still an extremely high.

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