Indicators and patterns
7/11/2024
Indicators and patterns
The indicator is a "Harami Pattern" identified on the USD/JPY currency pair chart with a 15-minute time frame. In this case, the pattern is bearish, suggesting a potential reversal in the current uptrend. The signal generated by this pattern is to sell the USD/JPY pair.The specific details of the signal include a price of 158.875 at the time of identification, which occurred on July 11, 2024, at 20:30 GMT. Traders may interpret this signal as an opportunity to enter a short position on the USD/JPY pair, anticipating a downward price movement based on the bearish implications of the Harami Pattern. It is important for traders to consider other factors such as risk management, market conditions, and additional technical or fundamental analysis before making trading decisions based on this signal.
This is not investment advice. Remember to verify the information provided here.
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