7pasos

Harami at resistance levels

FX:EURAUD   Euro Fx/Australian Dollar
245 0 0
Even when the harami (a big body followed by a small body inside, thats call it pregnant) is one of the weakest 2 candles reversal signal when its formed at resistance levels gets more importance.

In this chart the context offer this increassed meaning to the harami, because we have at least 3 resistance just at where the price seemed to stall the rally.

If you look at the daily chart you can find near this zone a support where the reversal will be even more probable.

For the weekly traders this wont be a entrance signal but a take profit one due the momentum (showed by the AO) shows an impulse with intentions to one more push to the upside,

Ill recommend to wait until the AO makes a clear cross over and a weekly reversal to the upside forms to re enter the market for this time frame. Also will be preferable if the price is near or a bit beyond the lower side of the channel
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