Indicators and patterns
11/20/2024
Indicators and patterns
The Closing Marubozu pattern on the EUR/USD 15-minute chart is a bearish signal indicating a strong selling pressure in the market. This pattern is characterized by a long bearish candle with no wicks or shadows, suggesting that the price opened at the high of the period and closed at the low.In this case, the Closing Marubozu pattern at a price of 1.05639 on November 20, 2024, at 8:30 indicates a strong bearish sentiment and suggests a potential continuation of the downward movement in the EUR/USD pair. Traders may interpret this pattern as a signal to sell or go short on the currency pair, expecting further price declines.
This is not investment advice. Remember to verify the information provided here.
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