Indicators and patterns
11/14/2024
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that signals a potential reversal in the market trend. In this case, the "Harami PatternCROSS" occurred on the USD/JPY currency pair on a 15-minute timeframe. The pattern is considered bullish, indicating a possible shift from a downtrend to an uptrend.The signal generated from this pattern is a "Buy" signal, suggesting that traders may consider entering a long position on USD/JPY. The signal was triggered at a price of 156.21001 at 20:30 on November 14, 2024.
Traders often use candlestick patterns like the Harami Pattern to identify potential entry and exit points in the market based on the patterns formed by the candlesticks. It is important to consider other factors and use risk management strategies when making trading decisions based on these signals.
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
