Indicators and patterns
1/8/2025
Indicators and patterns
The indicator and pattern identified is a "Harami Pattern" on the EUR/USD currency pair, observed on the 15-minute timeframe. In this specific instance, the pattern is classified as "Bearish," suggesting a potential reversal in the price movement.The signal generated by this pattern is a "Sell" signal, indicating a recommendation to consider selling the EUR/USD pair. The pattern occurred at a price of 1.02942 on January 8, 2025, at 13:30 GMT.
A Harami Pattern consists of two candlesticks, where the first candlestick is larger and in the direction of the current trend, followed by a smaller candlestick that is contained within the body of the first candle. This pattern is often interpreted as a sign of indecision in the market and a possible reversal of the prevailing trend.
Traders and investors may use this Bearish Harami Pattern as a signal to potentially enter a short position or to manage existing positions accordingly based on their trading strategy and risk tolerance. It is essential to consider other technical and fundamental factors before making any trading decisions.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
