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The first bullish candle shows a continuation of trend. The market is about to make a negative turn, as shown by the second candle, which indicates that bearish circumstances will soon dominate.
After the conclusion of this candlestick pattern, traders ally forex the opportunity to enter a short position.
Multiple candlesticks create the Three Inside Down. The fact that it forms after forex correlation uptrend is suggestive of a forexfactory news trend reversal. The first candlestick on the chart is an elongated bullish candlestick. The second candlestick is a tiny candle that represents a negative trend. The third candlestick is a lengthy candlestick that forexfactory news a negative trend. Foresfactory third candlestick confirms a bearish reversal.
The bearish Harami candlestick pattern should be present between the first and second candlesticks.
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