Inverted Hammer Bearish Candle-sticks Pattern
Inverted Hammer Bullish Candle-sticks Pattern Setups
Inverted Hammer Candlesticks Pattern & Shooting Star Candles Pattern candlesticks look similar. These candlesticks have a long upper shadow & a short body at the bottom. Their fill colour does not matter. What matters is the point where these candlesticks appear whether at the top of a trend (star) or the bottom of a market trend (hammer).
Difference is that inverted hammer candlesticks pattern setup is a bullish reversal candles pattern setup while shooting star candlesticks pattern is a bearish reversal candles pattern.
Upward Trend Reversal - Shooting Star Candles Pattern
Downwards Trend Reversal - Inverted Hammer Candles pattern
Inverted Hammer Candlesticks Pattern & Shooting Star Candles Pattern Candle-sticks Chart Setups
Inverted Hammer Candles Pattern
Inverted Hammer Candles Pattern is a bullish reversal candles pattern setup. It occurs at the bottoms of a XAUUSD trend.
Inverted hammer candlesticks pattern setup occurs at the bottom of a downwards trend & indicates possibility of reversal of the downward trend.
Inverted Hammer Candle-stick Pattern - How to Trade Inverted Hammer Candlesticks Pattern Setups - Trading Analysis of Inverted Hammer Candle-sticks Pattern
Trading Analysis of Inverted Hammer Candlesticks Pattern
A buy is confirmed when a candlesticks closes above the neck-line of the inverted hammer candlesticks pattern, this is the opening xauusd price of the candlesticks on the left side of this inverted hammer candles pattern setup. The neck-line point in this case forms the resistance zone.
Stop loss orders for the buy xauusd trade transactions should be put a few pips below the lowest price on the recent low of this inverted hammer candles pattern setup.
An inverted hammer is named so because it shows that the market is hammering a market bottom.
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