Indicators and patterns
2/7/2025
Indicators and patterns
The Advance Block pattern is a bearish reversal pattern that occurs in candlestick chart analysis. It consists of three consecutive green (bullish) candles with each candle closing higher than the previous one. However, the bodies of the candles become smaller and the upper wicks become longer, indicating weakening buying pressure.In this case, the Advance Block pattern has been identified on the USD/JPY currency pair on a 15-minute timeframe. The signal generated is bearish, suggesting a potential trend reversal to the downside. The recommendation based on this pattern and signal is to sell the USD/JPY pair.
The price at the time of the signal was 151.61, and the signal was generated on February 7, 2025, at 1:15 AM. Traders and investors may consider this signal along with other technical and fundamental analysis to make informed trading decisions.
This is not investment advice. Remember to verify the information provided here.
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