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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: "Window" set up bullish correction

EUR/USD: "Window" set up bullish correction

There’re a “Doji” and a “Hammer” on the nearest “Window”, but their confirmation has been developing. So, the price is likely going to get a resistance on the 21 Moving Average in the short term. As we can see on the Daily chart, the pair has achieved the middle of the last huge black candle. Also, here’s a possible “Harami” in progress. Therefore, the market is probably going to reach the next-door resistance shortly.

EUR/USD: "Window" set up bullish correction

We’ve got a “Harami” and a “Hammer”, which both have been confirmed by the last “Three Methods” pattern. So, the price is likely going to test the upper “Window” and the 34 Moving Average. If we see a pullback from these levels, bears will probably try to return into the market.

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