Hammer Bullish XAUUSD Candlesticks Pattern
Hammer Bullish XAUUSD Candles Pattern
Reversal xauusd candles patterns occur after an extended prior trend. Therefore, for a xauusd candles pattern to qualify as a reversal candles pattern there must be a prior trend.
These reversal candlesticks patterns are:
- Hammer Candles Pattern & Hanging Man Candles Pattern
- Inverted Hammer Candles Pattern & Shooting Star Candles Pattern
- Piercing Line XAUUSD Candles Pattern & Dark Cloud Cover Candles Pattern
- Morning Star Gold Candles and Evening Star Gold Candles
- Engulfing Candles Patterns
Hammer Candlesticks Pattern and Hanging Man Candlesticks Pattern XAUUSD Candles
Hammer Candles Pattern and Hanging Man Candles Pattern xauusd trading candlesticks look alike but hammer candlesticks pattern is bullish reversal candles pattern and hanging man is a bearish reversal candlesticks pattern.
Hammer Candles Pattern and Hanging Man Candles Pattern Gold Candles
Hammer Candlesticks Patterns
Hammer Candles Pattern is a potentially bullish xauusd candlesticks pattern which forms during a gold downward trend. It is named so because the xauusd market is hammering out a market bottom.
A hammer candlesticks pattern has:
- A small body
- The body is at the top
- The lower shadow is 2 or 3 times the length of real body.
- Has no upper shadow or very small upper shadow if present.
- The color of the body is not important
Hammer Gold Candles
Gold Trading Analysis of Hammer Candles Pattern
The buy signal is confirmed when a gold candlesticks closes above the opening xauusd price of the gold candles on the left side of the hammer candles pattern.
Stoploss orders should be place a few pips just below the low of the gold trading hammer candle sticks pattern.
