Reversal Candlesticks Patterns - Hanging Man Candle Pattern

Hanging Man Candles Pattern

Hanging Man Candles Pattern is a potentially bearish reversal xauusd trading signal that forms during a xauusd upward trend. Hanging Man Candles Pattern is named so because it resembles a man hanging on a noose up high.

A hanging man candlesticks pattern has:

• A small body
• The body is at the top
• The lower shadow is 2 or 3 times the length of real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body isn't important

Hanging Man Candlestick Pattern - How to Trade Hanging Man Candlesticks Patterns - XAUUSD Analysis of Hanging Man Candles Pattern

XAUUSD Analysis of Hanging Man Candlesticks Patterns

The sell signal is confirmed when a bearish xauusd candlesticks closes below the open of the xauusd candlesticks on the left side of this hanging man candle sticks pattern.

Stop-loss orders should be placed a few pips just above the high of the hanging man candles pattern.