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 stick.
Second day is the evening star that gaps away from long white candle-stick.
Third day is a long black candlestick that fills the gap.
Filling of the gap & closing of the black candle-stick 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 stick & 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
