What Happens in Gold after a Morning Star Candles Setup?

What Happens in XAUUSD after a Morning Star Candles Pattern?

Morning Star Pattern Candle Pattern

Morning star candlesticks setup is a three day bullish reversal pattern.

The first day is a long black candle.

The second day is morning star candlestick that gaps away from the long black candle.

Third day is a long white candle that fills the trading gap.

Filling of the gap and closing of the white candlestick above gap is a strong bullish trade signal.

Traders should open a buy trade after market price closes above gap formation of morning star candlesticks pattern. This is the confirmation signal of a buy signal generated by this trading Morning star candlesticks setup.