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Indicators and patterns

7/11/2024

Indicators and patterns

Indicators and patterns

The indicators and signals refer to a "Harami Pattern" on the USD/JPY currency pair in a 15-minute timeframe.

1. Harami Pattern: This is a two-candlestick pattern where the first candle is larger and the second candle is smaller and is contained within the range of the first candle. It indicates a potential reversal in the current trend. In this case, the pattern is bearish, suggesting a possible downward movement in the price.

2. Signal: The signal generated by the Harami Pattern is to "Sell," indicating a recommendation to consider selling the USD/JPY currency pair.

Overall, the combination of the Harami Pattern and the bearish signal suggests a potential selling opportunity for traders in the USD/JPY pair in the 15-minute timeframe.

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

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