Morning Star Candlestick Pattern - Engulfing Candlesticks Patterns
Morning Star Bullish Candlestick - Evening Star Bearish Candlestick - Bullish and Bearish Engulfing Candles Pattern
Morning Star FX Candle
Morning Star Candle Pattern
Technical Analysis of Morning Star FX Trading Pattern
Morning star is a three day bullish reversal pattern.
The first day is a long black candlestick.
The second day is a morning star that gaps away from the long black candle.
Third day is a long white candlestick that fills the gap.
The filling of the gap & closing of the white candle above the gap is a strong bullish Forex signal.
Traders should open a buy trade after market price closes above the gap formation of the morning star. This is confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.
Evening Star Forex Trading Candlestick
Opposite of the morning star
Evening Star Candlestick Pattern
Technical Analysis of Evening Star Candle Pattern
Evening star is a three day bearish reversal pattern.
The first day is a long white candle stick.
The second day is evening star that gaps away from the long white candle stick.
Third day is a long black candlestick that fills the gap.
The filling of the gap & closing of the black candle below the gap is a strong bearish Forex signal.
Traders should open a sell trade once the market closes below the gap formation of the evening star. This is 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 downtrend or at the end of a market uptrend.
Bullish & Bearish Engulfing Pattern
Technical Analysis of Bullish and Bearish Engulfing Patterns
The color of the first candle-stick indicates the trend of the day.
The second candlestick should completely engulf the first candle & it should have the opposite color.
For Bullish Engulfing Candlestick the color of the candle-stick should be Blue
For Bearish Engulfing Candlestick the color of the candle-stick should be Red
