Hanging Man Trading Candles Patterns - Hanging Man Bearish Candle Pattern

Hanging Man Candles Pattern

Hanging Man Candles Pattern is a potentially bearish reversal signal that forms during a forex upward trend. Hanging Man Candles Pattern is named so because it resembles a man hanging on a noose up high.

A hanging man candles pattern has:

• A small body
• The body is at the top
• The lower shadow is two or three times length of the real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body is not important

Hanging Man Candlestick Pattern - How to Trade Hanging Man Candles Patterns

Forex Analysis of Hanging Man Candles Patterns

Sell trading signal is confirmed when a bearish candlesticks closes below the open of the candlesticks on the left side of this hanging man candle sticks pattern.

Stop Loss orders should be set a few pips just above the high of the hanging man candle-sticks pattern.