What's Marubozu Candlestick in XAUUSD? What is Marubozu Candles Pattern in XAUUSD Trading?

What Does Marubozu Candle Mean? Marubozu Candlestick Definition

Marubozu candles patterns are long candlesticks that have no upper or lower shadows, Like depicted below.

What's Marubozu Candlestick in XAUUSD? Marubozu Candles Setups - Candlesticks Setups

Marubozu candlesticks patterns are continuing candlestick setups which show price is going to continue in the same direction as that of marubozu candlesticks. The marubozu candles setup can be white/blue or black/red depending on the direction of the trend.

Candlesticks Setups

White marubozu candlesticks patterns - the open is also the low & the close is also the high.

Marubozu xauusd candlestick setups means there were no price retracements during that price period and therefore shows that buyers were in full control of the price.

White Marubozu candles setup is a continuation pattern meaning that the next candle is likely to continue in same upward trend direction.

Black marubozu candlesticks patterns - the open is also the high & the close is also low.

Marubozu candles patterns means there were no retracements and therefore highlights that sellers were in total control of the price.

Black Marubozu xauusd candlesticks setup is a continuation pattern meaning that the next candle is likely to continue in same downwards trend direction.