Indicators and patterns
2/26/2025
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it is a bullish harami pattern identified on the USD/JPY currency pair chart with a 15-minute timeframe.The bullish harami pattern consists of a large bearish candlestick followed by a smaller bullish candlestick that is completely engulfed within the body of the previous candle. This pattern suggests that the previous downtrend may be losing momentum and a potential bullish reversal could be imminent.
The signal generated by the bullish harami pattern is a "Buy" signal, indicating that traders may consider entering a long position on the USD/JPY currency pair. In this specific instance, the signal was identified at a price of 148.88 on February 26, 2025, at 20:00 GMT. Traders may interpret this signal as an opportunity to capitalize on a potential upward movement in the USD/JPY exchange rate.
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
