Hanging Man Bearish XAUUSD Candlesticks Pattern

Hanging Man Candles Pattern

Hanging Man Candles Pattern is a potentially bearish reversal gold signal which occurs during a gold upward trend. Hanging Man Candles Pattern is named so because it resembles a man hanging on a noose up high.

A hanging man 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

Hanging Man Candlestick Pattern - How to Trade Hanging Man Candles Patterns - Gold Trading Analysis of Hanging Man Candlesticks Pattern

Gold Trading Analysis of Hanging Man Candles Patterns

Sell signal is confirmed when a bearish gold candlesticks closes below the open of the gold candlesticks on the left side of this hanging man candles pattern.

Stop-loss orders should be set a few pips just above the high of the hanging man candle-sticks pattern.