Resistance: 1.3342 minor/1.3394 minor
Support: 1.3265 moderate/1.3213 strong/1.3136 moderate
We have a low level bearish reversal, Bearish Harami in EURUSD charts. Market is in an uptrend while the pattern is just above a moderate support at 1.3265. Short on a close below the said price for a push to 1.3213, break of which suggests a reversal for 1.3136. Stops should be placed above the patterns high.
USDCHF Bullish Harami Hourly Chart
Resistance: 0.9271 moderate/0.9302 strong/0.9338 moderate
Support: 0.9235 minor/0.9204 minor
We have a low level bullish reversal pattern in Hourly USDCHF charts, Bullish Harami. Look for a possible technical correction. Consider buys if the pattern is confirmned with stops ideally under 0.9235. The immediate objective will be a push for 0.9271 break of which opens us to a reversal for a move to the 0.9302, the daily Pivot Point.
XAUUSD Bearish Engulfing Hourly Chart
Resistance: 1601.64 minor/1618.51 minor
Support: 1588.72 moderate/1571.85 strong/1558.93 moderate
We have a Bearish Engulfing in Hourly XAUUSD charts. Market is in an uptrend while our moderate bearish reversal pattern is just above a moderate support 1588.72. We need a close below the said price before selling the immediate target at 1571.85 break of which suggests a reversal is ongoing. Stops above the patterns high.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices