Shooting Star Candlesticks Pattern - How to Trade Shooting Star Candle Pattern

Shooting Star Candles - Reversal Candlesticks: Bearish Candles Patterns

Shooting Star Candles Pattern is a bearish reversal candlestick pattern. It forms at the top of a forex trend.

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

Shooting Star Candles Pattern Reversal Candlesticks Patterns: Bearish Candlesticks Patterns

Forex Analysis of Shooting Star Candles Patterns

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

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

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