Shooting Star CFDs Candle Pattern

Inverted Hammer Bullish CFDs Candlestick Patterns

Inverted Hammer CFD Candle Pattern and Shooting Star CFD Candle Pattern candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a market cfd trend (star) or the bottom of a market cfd trend (hammer).

Difference is that inverted hammer is a bullish reversal cfd pattern while shooting star is a bearish reversal cfd pattern.

Upward CFD Trend Reversal - Shooting Star Candles

Downward CFD Trend Reversal - Inverted Hammer Candles

Inverted Hammer CFD Candle Pattern and Shooting Star CFD Candle Pattern CFDs Chart Patterns

Inverted Hammer CFD Candlestick

This is a bullish reversal candle-stick pattern. It occurs at the bottom of a CFD trend.

Inverted hammer forms at the bottoms of a down cfd trend & indicates the possibility of reversal of the downward cfds trend.

Inverted Hammer CFD Trading Candlestick

Analysis of Inverted Hammer CFD Trading Candle

A buy is completed when a candlestick closes above the neck-line, this is the opening of the candle-stick on left-side of this pattern. Neck-line level in this acts as a resistance level.

Stop orders for the buy cfds trades should be set few pips below lowest cfds price on the recent low.

An inverted hammer is named so because it indicates that the cfd market is hammering out a bottom.

Shooting Star Candlestick

This is a bearish reversal candle pattern. It forms at top of a market trend.

It occurs at the top of an up cfd trend where the open cfds price is the same as the low & cfds price then rallied up but was pushed back down to close near the open.

Shooting Star Candle

Technical Analysis of Shooting Star Candlestick

A sell is completed when a candle stick closes below the neck line, this is the opening of the candle-stick on the left side of this pattern. The neck line in this case is a support level.

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

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