756
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: "Morning Star" points to the upward correction

EUR/USD: "Morning Star" points to the upward correction

We’ve got a “Harami” at the last low and a “Doji” at the local low, so the market is likely going to get a resistance on the nearest “Window”. As we can see on the Daily chart, we still don’t have a clear candle pattern, but there’s a huge shadow, so an upward local correction becomes possible.

EUR/USD: "Morning Star" points to the upward correction

There’s a flat in progress. Today’s “Window” hasn't been closed yet, but we’ve got a couple of bullish patterns at the last low. Therefore, the pair is likely going to get a resistance on the 34 Moving Average in the short term.

Scroll to top