MCD McDonald's has just completed printing a true Bearish Harami two candle pattern. True Harami's are explained in linked diagram below. The body of the second, inner candle needs to be no bigger than 25% the size of the preceding candle, in which case this one qualifies. A true large bullish candle at the top of an uptrend, followed by a 75% smaller bodied...
Morning again traders, Looking at a short term trade on Gold versus US dollar after formation of a bearish candle pattern on the 2 hourly Advance and a Bearish Harami on the 4 hourly both of which point to price action moving lower over the remainder of today. Looking for a move back down to support levels around 1389 over the coming hours as per our hourly...
Afternoon traders, US dollar versus Japanese Yen flagging a bearish pattern with the formation of a Bearish Harami as RSI hits resistance level and Stochastics trade in extreme overbought territory on 4 hourly. Looking for this pair to head lower from here back to 108 levels then a potential break down to 107.5 Follow us on tradingview under forexTrdr to get...
Good morning traders, Looking to change up our recent technical analysis examples this time with a clean trade on Euro versus Japanese Yen. The beat on Chinese gdp and Industrial production gave a risk on tone overnight leading to Yen weakening but also, for this pair, an Evening Star candle forming on the daily over the 15th and 16th. Evening star are early...