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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: "Doji" points to a bearish correction

Galina Svetlova

EUR/USD: "Doji" points to a bearish correction

The last bearish “Harami” hasn’t been confirmed, so we’ve got a “Three Methods” at the local high. There’s a huge possibility to see any kind on bearish pattern on the already achieved resistance line. However, the coming downward movement will be just a correction, so bulls still have enough power to deliver new highs afterwards. As we can see on the Daily chart, the last candles are bullish, so the today’s one likely won’t be an exception too.

EUR/USD: "Doji" points to a bearish correction

There's a bullish rally in progress, but we've got a “Doji” at the last high, which points to a possible local correction. The main target is the middle of the last upward movement as well as the upper side of the previously formed “Three Methods” pattern. 

EUR
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