Indicators and patterns
7/11/2024
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.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
