Indicators and patterns
1/15/2025
Indicators and patterns
The Closing Marubozu pattern in the USD/JPY 15-minute chart is a bearish signal indicating a strong selling pressure. This pattern is characterized by a long body with no wicks or shadows, suggesting that the price opened at one extreme and closed at the other extreme of the time period. In this case, the Closing Marubozu formed at a price of 157.92 on January 15, 2025, at 1:00 AM.Traders often interpret the Closing Marubozu pattern as a sign of strong momentum in the direction of the closing price. In this context, the bearish Closing Marubozu suggests that sellers were in control throughout the 15-minute period, leading to a significant downward movement in the USD/JPY pair. As a result, traders may consider this pattern as a signal to sell or take a bearish position on the currency pair.
This is not investment advice. Remember to verify the information provided here.
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