Hey traders,
I’ve found a very strong signal, but would like to see my thinking criticized, for good or bad.
In the EUR/USD, I’m currently seeing a harami that happened with the break over the weekend. The open was significantly lower than the close on friday. The candle on friday is at the support levels created october 27, 2013 and on december 30th. There has been an established trend in the up direction prior to this candle stick formation. This is making a strong bearish signal in my opions.
what do you think?
EDIT: also, there is a harami on the GBP/USD as well. Also, my RSI and Stochastic indicate we’re in an overbought position.
cheers,
AK