Indicators and patterns
2/13/2025
Indicators and patterns
The Inverted Hammer is a bullish reversal candlestick pattern that occurs during a downtrend. It is characterized by a small body at the top of the candlestick with a long lower wick, resembling an upside-down hammer. This pattern suggests that sellers were initially in control but lost momentum, and buyers may be stepping in.In this case, the Inverted Hammer appeared on the 15-minute chart of the USD/JPY currency pair at a price of 152.74001 on February 13, 2025, at 21:00. The bullish signal indicates a potential trend reversal from the current downtrend to an uptrend. Traders may interpret this as a buying opportunity, expecting the price to move higher following the pattern's formation.
This is not investment advice. Remember to verify the information provided here.
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