Indicators and patterns
11/1/2024
Indicators and patterns
The indicator observed is a "Harami Pattern" on the EUR/USD currency pair, with a 15-minute timeframe. In this case, the pattern is bearish, suggesting a potential reversal in the price movement. The signal generated is to sell at the price of 1.08766, identified at 03:45 on November 1, 2024.A Harami Pattern consists of two candlesticks, where the first candlestick is larger and the second one is smaller and within the range of the first candle. This pattern indicates indecision in the market and a potential reversal of the current trend. In this specific scenario, the bearish Harami Pattern suggests a possible downward movement in the EUR/USD pair, prompting a sell signal.
This is not investment advice. Remember to verify the information provided here.
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