Indicators and patterns
10/31/2024
Indicators and patterns
The indicator is a "Harami Pattern" identified on the USD/JPY currency pair chart with a 15-minute timeframe. In this case, the pattern is bearish, suggesting a potential reversal in the price movement. The signal generated by this pattern is to sell the USD/JPY pair at a price of 152.45. The pattern was identified at 16:45 on October 31, 2024. Traders often use the Harami Pattern as a signal to indicate a possible trend reversal, with the smaller candlestick inside the previous candlestick indicating indecision in the market.
This is not investment advice. Remember to verify the information provided here.
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