Indicators and patterns
8/1/2024
Indicators and patterns
The indicators and signals for USD/JPY on the 15-minute timeframe are as follows:1. Belt-hold Line (Bearish): This is a bearish candlestick pattern that indicates a potential reversal in the market. It is characterized by a single candle with a small body and little to no wicks, where the opening price is equal to the low (in a bearish belt-hold line) and the closing price is near the high. This pattern suggests strong selling pressure.
2. Long Line Candle (Bearish): This is a bearish candlestick pattern that consists of a long bearish candle with little to no wicks. It indicates strong selling pressure and a potential continuation of the downtrend.
3. Marubozu (Bearish): A Marubozu is a candlestick pattern with no wicks (or very small wicks) and a long body. In this case, a bearish Marubozu indicates strong selling pressure throughout the entire trading session, suggesting a continuation of the bearish trend.
In summary, all three indicators and signals (Belt-hold Line, Long Line Candle, and Marubozu) suggest a bearish sentiment for USD/JPY on the 15-minute timeframe, indicating a potential opportunity to sell.
This is not investment advice. Remember to verify the information provided here.
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