Shooting Star Candle Pattern

Inverted Hammer Bullish Candle-stick Patterns

Inverted Hammer CFD Candle Pattern and Shooting Star CFD Candle Pattern candle-sticks look alike. These candlestickshave a long upper shadow & a short body at the bottom. Their fill color does not matter. What matters is the point at where these candle-sticks 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 Trend Reversal - Shooting Star Candles

Downward Trend Reversal - Inverted Hammer Candles

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

Inverted Hammer CFD Candlestick

This is a bullish reversal candle 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 a 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 on left-side of this pattern. Neck-line level in this acts as a resistance level.

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

An inverted hammer is named so because it shows 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 price is the same as the low & cfds price then rallied up but was forced back down to close near the open.

Shooting Star Candle

Analysis of Shooting Star Candlestick

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

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

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