A bullish harami in the making?

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UPDATE

With the better than expected GDP data & subsequent fall in the dollar index Rupee was expected to strengthen further. And looking at the Daily charts for USD/INR pair we see that the pair had moved down from 82.90 levels to a low of 82.30 during the past 2 weeks (as shown by the arrow).

However, the price action of the last two days tell us a different story.


INSIGHTS

Together the last two candles have formed a Bullish Harami pattern which signifies a trend reversal. A follow-up green candle on Monday would confirm the same.
Expect a followup green candle on Monday which would take the pair to 82.60 levels. The pattern would be negated if we do not get a confirmation in which case the pair would continue to target its lower band of 81.70.