Bearish Harami candlestick pattern is BEARISH REVERSAL and give sell forex trading signals
1. Two candle pattern
2. The first candle has an open real body, in line with an uptrend
3. The second candle has a filled real body that is contained within the real body of the open candle before it
4. Shadows are of no concern; this pattern’s construction is all about the real bodies
5. The market is in an uptrend
The psychology forex trading signals behind the Harami is that the market opened weaker on the second day,
immediately putting doubt into people’s minds. As is customary in a strong uptrend, this
weakness was not bought into. While it’s fair to say the bears didn’t exactly weigh in and
change the entire landscape, there’s still been a subtle change in the balance of power,
with no one dominating the second day.
forex trading signals and Bearish Harami
The Bearish Harami warns of a market topping out. It is constructed of two candles.
The second candle has a filled real body, usually quite small, contained within the open real body before it.
It isn’t one of my favourite patterns but can serve to set off a few alarm bells, which can be useful particularly if you’re in a trade and wondering where or when to take some profit.
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