Reversal Candlesticks Patterns - Inverted Hammer Candlestick Pattern

Inverted Hammer Bullish Gold Candlesticks Patterns

Inverted Hammer Candlesticks Pattern and Shooting Star Candlesticks Pattern xauusd candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a xauusd trend (star) or the bottom of a xauusd trend (hammer).

The difference is that inverted hammer candlesticks pattern is a bullish reversal candlesticks pattern while shooting star candlesticks pattern is a bearish reversal candlesticks pattern.

Upward XAUUSD Trend Reversal - Shooting Star XAUUSD Candlesticks Pattern

Downward XAUUSD Trend Reversal - Inverted Hammer XAUUSD Candlesticks pattern

Inverted Hammer Candlesticks Pattern and Shooting Star Candlesticks Pattern XAUUSD Candlesticks Chart Patterns

Inverted Hammer Candlesticks Pattern

Inverted Hammer Candlesticks Pattern is a bullish reversal candlesticks pattern. It occurs at the bottom of a XAUUSD trend.

Inverted hammer candlesticks pattern occurs at the bottom of a xauusd downward trend and indicates the possibility of reversal of the downward XAUUSD trend.

Inverted Hammer Candlestick Pattern - How to Trade Inverted Hammer Candlesticks Patterns - XAUUSD Technical Analysis of Inverted Hammer Candlesticks Pattern

XAUUSD Technical Analysis of Inverted Hammer Candlesticks Pattern

A buy is confirmed when a xauusd candlesticks closes above the neckline of the inverted hammer candlesticks pattern, this is the opening gold price of the xauusd candlesticks on the left side of this inverted hammer candlesticks pattern. The neckline point in this case forms the resistance level.

Stop loss orders for the buy gold trades should be placed a few pips below the lowest gold price on the recent low of this inverted hammer candles pattern.

An inverted hammer is named so because it signifies that the xauusd market is hammering out a bottom.