Evening Star Candle Pattern
Morning Star Bullish Gold Candle Patterns
Morning Star Candle Pattern
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning star is a 3 day bullish reversal xauusd pattern.
The first day is a long black candlestick.
The second day is a morning star which gaps away from the long black candle.
Third day is a long white candle that fills the gap.
Filling of the gap and closing of the white candlestick above gap is a strong bullish XAUUSD Trading signal.
Traders should open a buy xauusd trade after market gold trading price closes above gap formation of the morning star. This is the confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.
Evening Star Candlestick Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candlestick Pattern
Evening star is a 3 day bearish reversal xauusd pattern.
The first day is a long white candle.
Second day is the evening star that gaps away from long white candle.
Third day is a long black candlestick that fills the gap.
Filling of the gap & closing of the black candle below the gap is a strong bearish XAUUSD Trading signal.
Traders should open a sell xauusd trade once the xauusd market closes below the gap formation of the evening star candle pattern. This is the confirmation signal of a sell signal generated by this Evening star candle pattern.
Engulfing Pattern
Engulfing is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down xauusd trend or at the end of a market upwards gold trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
The color of the first candlestick indicates the xauusd trend of the day.
The second candlestick should completely engulf the first candle & it should have opposite color.
For Bullish Engulfing the color of the candlestick should be Blue
For Bearish Engulfing the color of the candle should be Red
