Bullish Harami gives BULLISH REVERSAL forex signals
1. Two candle pattern
2. The first candle has a filled real body, in line with the downtrend
3. The second candle has an open real body that is contained within the filled real body of the candle before it
4. Shadows are of no concern; this pattern’s construction is all about the real bodies
5. The market is in a downtrend
Bullish Harami Pattern and forex trading signals
A Bullish Harami Pattern is seen during a downtrending market and is made up of
two candles. The first is a filled candle in line with the downtrend. The second is a
candle with an open real body that sits within the confines of the filled real body
of the first candle. The brakes have been put on the down-leg and although the
second day doesn’t show a strong reaction higher we have been warned and can
now be more alert to any subsequent moves to a bull trend. It is often described as
a mirror image of the Engulfing Pattern, but is generally nothing like as powerful.
Not one of my favourites, but can be a good warning forex signal .
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