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Indicators and patterns

7/11/2024

Indicators and patterns

Indicators and patterns

The first indicator is a "Shooting Star" pattern identified on the USD/JPY currency pair chart with a 15-minute timeframe. This pattern is considered bearish and suggests a potential trend reversal from bullish to bearish. The signal generated from this pattern is to sell the asset. The Shooting Star pattern was identified at a price of 161.565 and occurred on July 11, 2024, at 11:15.

The second indicator is a "Momentum Indicator" identified on the same USD/JPY currency pair chart with a 15-minute timeframe. This indicator is showing a bullish signal, indicating a potential upward momentum in the price. The signal generated from this indicator is to buy the asset. The Momentum Indicator was identified at a price of 161.565 and occurred on July 11, 2024, at 11:15.

It's important to note that these two indicators are providing conflicting signals, with the Shooting Star suggesting a bearish outlook while the Momentum Indicator suggesting a bullish momentum. Traders may need to consider other factors and conduct further analysis to make an informed trading decision.

This is not investment advice. Remember to verify the information provided here.

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