Trade Forex Trading

What Happens in XAUUSD Trading after a Bearish Marubozu Candle?

A Bearish Marubozu candlesticks setup is a candle which shows the opening price is also the high price & closing price is also low price. Marubozu candlesticks patterns means there were no retracements & therefore displays that sellers were in total control of the price.

A bearish Marubozu candles setup is a continuation setup which means that the next candle is likely to continue in the same down-wards trend direction.

Therefore, after a bearish Marubozu candle the price on a chart should continue moving downwards in the direction of the downwards trend.

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