Indicators and patterns
1/10/2025
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it occurred on the XAG/USD (Silver/US Dollar) currency pair on a 15-minute timeframe.The Harami Pattern consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the prior candle. This pattern suggests a possible shift in momentum from bearish to bullish or vice versa.
In this specific instance, the Harami Pattern on the XAG/USD chart is identified as bullish, indicating a potential buying opportunity. The signal to "Buy" suggests that traders may consider entering a long position on Silver against the US Dollar.
The price at which this signal occurred was 30.2805 on January 10, 2025, at 13:30 GMT. Traders and investors may use this information as part of their analysis and decision-making process when trading XAG/USD on a 15-minute timeframe.
This is not investment advice. Remember to verify the information provided here.
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