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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" could be a reason for deeper upward correction

EUR/USD: "Window" could be a reason for deeper upward correction

The last “Window” was finally closed, so we’ve got two bullish patterns such a “Morning Star” and an “Inverted Hammer”, which both have been confirmed enough. So, the market is likely going to test the upper “Window” in the short term. As we can see on the Daily chart, here’s a confirmed “Shooting Star”, so when a local correction ends there’ll be an opportunity to see a bearish candle.

EUR/USD: "Window" could be a reason for deeper upward correction

The price has been moving up and down under the “Window”. Also, we’ve got a “Harami” and a “Piercing Line” at the local low, so an upward movement becomes possible. In this case, we should keep an eye on the nearest resistance line.

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