Evening Star Candle Pattern
Morning Star Bullish Gold Candlestick Patterns
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning Star Candlestick Pattern
Morning star is a three day bullish reversal xauusd pattern.
The first day is a long black candlestick.
The second day is a morning star that gaps away from the long black candlestick.
Third day is a long white candlestick that fills the gap.
The filling of the gap and closing of the white candlestick above the gap is a strong bullish XAUUSD Trading signal.
Traders should open a buy xauusd trade after market gold trading price closes above the 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 Candle Pattern
Evening Star Candle Pattern
Evening star is a three day bearish reversal xauusd pattern.
The first day is a long white candlestick.
The second day is the evening star that gaps away from the long white candle.
Third day is a long black candlestick that fills the gap.
The filling of the gap and closing of the black candlestick 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. This is the confirmation signal of a sell signal generated by this Evening star candlestick 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 upward gold trend.
Bullish and 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 candlestick and it should have the opposite color.
For Bullish Engulfing the color of the candlestick should be Blue
For Bearish Engulfing the color of the candlestick should be Red
