Harami Cross As Reversal Signal Strategy

  • The Harami Cross pattern consists of a bullish or bearish candlestick at the top or bottom of its trend, followed by a Doji that remains within the range of the previous candlestick. If a bullish candlestick form, then you see a Doji that sits inside high and low like an inside bar, you can expect a bearish retracement soon.
  • In figure, we can see a Harami cross, forming at the top of a bullish trend. However, you should wait for the asset’s price to break below the low of the bullish candlestick and the best way to do so would be placing a Sell Stop order a few pips below the low.

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