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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: "Harami" prevented bearish correction

EUR/USD: "Harami" prevented bearish correction

Bulls have been moving up since a “Hammer” arrived at the local low. Also, we’ve got a bullish “Hammer”, which canceled a confirmation of the last “Hanging Man” pattern. Therefore, the market is likely going to test the 144 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a local downward correction. As we can see on the Daily chart, there’s a “Shooting Star”, but it still hasn’t got a confirmation. So, today’s candle is likely going to be a white one.

EUR/USD: "Harami" prevented bearish correction

We’ve got a “Harami” and a “Tweezers” at the local low, which both have been confirmed enough. So, bulls are likely going to deliver a new high very soon. 

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