How Do You Interpret Morning Star Candle Pattern Technical Analysis?
Interpret Morning Star Gold Candle Bullish or Bearish
Morning Star Pattern Gold Candlestick Pattern
Morning star candlesticks setup is a Three day bullish reversal pattern.
The first day is a long black candle.
Second day is a morning star candlestick which gaps away from the long black candle.
Third day is a long white candlestick which fills the gap.
The filling of the trading gap and closing of the white candlestick above the trading gap is a strong bullish Gold signal.
Traders should open a buy trade after market price closes above gap formation of the morning star candles setup. This is the confirmation signal of a buy signal generated by this xauusd Morning star candles setup.
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