How Do You Trade Shooting Star Candles Pattern Forex Signal?

Shooting Star forex candles pattern is a bearish reversal candle stick pattern. It occurs at tops of a market trend.

Shooting Star forex candlesticks pattern occurs at the top of an uptrend where the open forex price is same as the low & FX price then rallied up but was pushed back downward to close near the open.

How Do You Trade Shooting Star Candles Pattern Forex Signal?

Technical Analysis of Shooting Star Candle Pattern

A bearish reversal sell is completed when a candle-stick closes below neckline, this is opening of the candle on left side of this shooting star pattern. The neck-line in this case is a support zone.

Stop orders for the sell trades should be set a few pips above highest forex price on the recent high once a trader decides to open trades based on this shooting star candles pattern. The Shooting Star forex candlesticks pattern is named so because at the top of an upward forex trend this forex candle pattern looks like a shooting star up in the sky.