logo
Get Our New E-Books For Free

Harami and Harami Cross Candlestick Patterns


Harami in Japanese language means pregnant. This pattern forms by two candlesticks, the first one is bigger and the other one is smaller. The smaller candlestick is completely engulfed by the body of the first candlestick. It looks like a pregnant woman looking from the side:

Harami Candlestick Pattern

There are two kinds of Harami. The one that forms at the bottom of a bearish market is a Bullish Harami. And the pattern that forms at the top of an uptrend is a Bearish Harami.

Harami is a reversal pattern.

Bullish Harami Pattern:

Bullish Harami

Bearish Harami Pattern:

Bearish Harami Pattern

There is another kind of Harami which is called “Harami Cross”. This pattern is exactly the same as the regular Harami. The only difference is that in Harami Cross the small candlestick is a small Doji.

Bullish Harami Cross:

Bullish Harami Cross

Bearish Harami Cross:

Bearish Harami Cross

Although Harami is known as a reversal pattern, you have to be careful not to take any positions as soon as you see a Harami pattern forms on the chart, because this pattern is not that strong. Only on the longer time frames like weekly and monthly it can be considered as a reliable reversal pattern. I do not trust it on the smaller time frames at all. Even if you trade this pattern on the longer time frame, having a reasonable stop loss is a must.

Only under one condition the Harami Pattern can be known as a strong reversal pattern. It is when it crosses Bollinger Upper or Lower Band. Some traders know this pattern as Inside Day Candlestick while its combination with Bollinger Bands makes it a profitable and strong reversal candlestick pattern: Inside Day Candlestick As a Strong Reversal Pattern

The below screenshot shows a Bullish Harami formed on EUR/USD weekly chart. As you see in this case it worked as reversal pattern and the price went up strongly after forming this pattern:

Bullish Harami Candlestick Pattern on EUR/USD Weekly Chart

This is another one. Also look at the Dark Cloud Cover:

A Dark Cloud Cover and Bullish Harami Candlestick Patterns on EUR/USD Weekly Chart

And this is a Bearish Harami that worked strongly to reverse the price on GBP/USD weekly chart:

A Bearish Harami Candlestick Pattern on GBP/USD Weekly Chart

Bullish Harami Cross on GBP/USD weekly chart:

Bullish Harami Cross on GBP/USD Weekly Chart

Bullish Harami Cross on GBP/USD weekly chart:

Bullish Harami Cross on GBP/USD Weekly Chart

Candlesticks are the only real time indicators. It is strongly recommended to learn the candlesticks signals: Candlestick Trading – The Language of Japanese Candlesticks



Join Our 20,000+ Loyal Followers Now & Receive Our E-Book For Free!
Download Our E-book For FREE and Don't Miss Our New Articles!
Enter your email address and check your inbox now:

LuckScout
About

"Whether you think you can, or you think you cannot, you are right." - Henry Ford

I want to...

14 thoughts on “Harami and Harami Cross Candlestick Patterns
  1. Joshua says:

    Nice work.

  2. Larry Porter says:

    Very helpful.

  3. Shalewa says:

    Thanks for the article. I suppose we will need a confirmation candlestick and the upper Bollinger Band and the lower Bollinger Band for the above pattern to be considered a trade set up? Thanks

  4. Shalewa says:

    Hi Chris,

    Thanks for everything you and the LuckScout team are doing on this site. I am just going through this article again to learn more about the Harami patterns.

    Please refer to the 4th Chart above –

    (1)Why is the harami called a Bearish Harami Cross (Weekly GBPUSD), I would have thought since the harami cross formed on a bearish market, it would be called ‘bullish harami’ as a reversal pattern?

    (2) Still on the same chart, I suppose when the confirmation candlestick is the same direction with the trend (for example, the confirmation candlestick is a strong bearish candlestick above)the harami would be ignored?

    (3)Please is there a chart in the archives showing how to calculated TP, SL for Harami and harami crosses patterns? If not, thanks. I have an idea from the other SL and TP articles I have read here.

    (4)Is it ok to follow the maximising principle of 5 X Riskier SL when trading harami patterns (weekly/monthly tmeframes) or the reversal pattern is not strong enough?

    Many thanks as always.

    Shalewa

    • LuckScout LuckScout says:

      Hi Shalewa,

      1- You are right. I fixed the typo.

      2- Exactly.

      3- It is exactly like the Engulfing patterns. We use the confirmation candlestick for the stop loss. Indeed, the confirmation candlestick should form an Engulfing pattern.

      4- If there a strong confirmation forms we can do that. However, I have never seen that a Harami pattern works as a too strong signal in Forex market. In stock market it works, but in Forex market it doesn’t, because of the huge liquidity. Engulfing patterns are the ones that works much stronger in forex market. So if the next candlestick engulfs the mother and baby with a good and strong BB breakout, then we can go for it.

  5. I once traded using candlestick patterns only. Combining them with bollinger bands is a master-stroke.

    Thank You Chris.

  6. Chris Long Chris Long says:

    Am finding learning candle stick patterns interesting and helpful.

  7. Ivan Todorov Ivan Todorov says:

    Hi Chris, I read this article a while ago and now I`m facing for the first time with Harami.So my question is if we met bullish Harami at bullish market should we read it as a continuous signal? Should a Harami pattern without BB lower/upper breakout be ignored as a weak one?

  8. Very useful thank you very much Chris.
    Is harami pattern stronger compare to dark cloud pattern?

  9. Ben Aqiba Ben Aqiba says:

    Hi Chris,

    great article. When we are in position, should we pay attention on this pattern when it appears on the chart, and looked our profit, or even take out from position?

    Thank you

Leave a Reply :


Download Our E-Book For Free!