Indicators and patterns
9/24/2024
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it occurred on the USD/JPY currency pair on a 30-minute timeframe.The Harami Pattern consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the previous candle. The second candlestick's body is within the range of the first candlestick, signaling a potential shift in market sentiment.
In this specific instance, the Harami Pattern on the USD/JPY 30-minute chart is classified as "Bullish," suggesting a potential upward movement in the price. The signal generated from this pattern is to "Buy."
The price at which this signal occurred was 143.985, and the signal was identified on September 24, 2024, at 11:00 AM. Traders and investors may interpret this signal as an opportunity to enter a long position on the USD/JPY currency pair, anticipating a bullish price movement.
This is not investment advice. Remember to verify the information provided here.
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