What is a Shooting Star Candlesticks Pattern in CFD?

What Does Shooting Star Candle Mean? Shooting Star Candle Definition

Shooting Star cfd candles pattern is a bearish reversal candle stick pattern. It occurs at tops of a market trend.

Shooting Star cfd candle-sticks pattern occurs at top of an up cfd trend where the open cfd price is same as the low and cfd price then rallied up but was pushed back downwards to close near the open.

What's Shooting Star Candlestick in CFD? - Shooting Star Candle Pattern - CFD Candles Pattern

CFD Candles Pattern

A sell is completed when a candlestick closes below the neck-line, this is opening of the candle stick on the left side of this pattern. The neck line in this case is a support zone.

Stop orders for the sell cfds trades should be set a few pips above the highest cfd price on the recent high.

The Shooting Star cfd candlesticks pattern is named so because at the top of an upward market cfd trend this cfd candlestick pattern looks like a shooting star up in the sky.