Indicators and patterns
12/23/2024
Indicators and patterns
The indicator observed is the Harami Pattern, which is a two-candlestick pattern that signals a potential reversal in the market trend. In this case, the signal is bearish, indicating a possible downward movement in the price of USD/JPY.The specific recommendation based on this pattern is to sell USD/JPY. The signal occurred on a 15-minute timeframe at a price of 156.63499 on December 23, 2024, at 1:15 UTC.
Traders often use the Harami Pattern as a signal to consider entering a trade in the direction of the potential reversal indicated by the pattern. It is important to consider other factors and use risk management strategies when making trading decisions based on patterns like the Harami.
This is not investment advice. Remember to verify the information provided here.
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