Shooting Star Candlesticks Pattern - Shooting Star Candles Pattern

Shooting Star Forex Candles - Reversal Forex Candlesticks: Bearish Candles Patterns

Shooting Star Candlesticks Pattern is a bearish reversal candles pattern. It occurs at the tops of a forex trend.

Shooting Star Candles Pattern occurs at the top of a forex upward trend where the open forex price is the same as the low - and FX price then rallied up but was pushed back down to close near the open.

Shooting Star Candles Pattern Reversal Forex Candlesticks Chart Patterns: Bearish Forex Candles Patterns

Forex Technical Analysis of Shooting Star Candles Patterns

A sell is confirmed when a forex candlesticks closes below the neckline of this shooting star candlesticks pattern, this is the opening of the forex candlesticks on the left side of this forex candles pattern. The neck-line in this case is a support zone.

Stop loss orders for the sell trades should be set a few pips above highest price on the recent high.

The Shooting Star forex candlesticks is named so because at the top of an upward forex trend this forex candlesticks pattern resembles a shooting star up in the sky.