Indicators and patterns
8/2/2024
Indicators and patterns
Here are the indicators and signals for the USD/JPY currency pair:1. Closing Marubozu (15min) - This is a bearish candlestick pattern where the candle has a long body with no wicks or shadows. It suggests strong selling pressure throughout the period. This indicates a signal to sell.
2. Long Line Candle (15min) - This is a bearish candlestick pattern with a long body and little to no wicks. It also indicates strong selling pressure and suggests a potential downtrend. This is a signal to sell.
3. Belt-hold Line (30min) - This is a bearish candlestick pattern where a long bearish candle opens at its high and closes near its low. It suggests a continuation of the downtrend and is a signal to sell.
4. Closing Marubozu (30min) - Similar to the first indicator, this is a bearish candlestick pattern with a long body and no wicks. It indicates strong selling pressure and a signal to sell.
5. Marubozu (30min) - A bearish candlestick pattern with a long body and no wicks, indicating strong selling pressure. This is a signal to sell.
Overall, these indicators and signals suggest a strong bearish sentiment for the USD/JPY currency pair, with a recommendation to sell based on the patterns observed in the candlestick charts.
This is not investment advice. Remember to verify the information provided here.
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