How to Trade Bearish Marubozu Candlestick

A Bearish Marubozu xauusd candlesticks pattern is a candlestick which shows the opening gold price is also the high gold price & closing gold price is also low gold price. Marubozu xauusd candlesticks patterns means there were no retracements and therefore shows that sellers were in total control of the gold price.

A bearish Marubozu xauusd candlesticks pattern is a continuation pattern which means that the next candle is likely to continue in same downwards xauusd trend direction.

Therefore, after a bearish Marubozu candle the gold price of a xauusd should continue heading downwards in the direction of the downward xauusd trend.

XAUUSD Trade Bearish Marubozu Candlestick