Bullish XAGUSD Candlestick Patterns & Bearish XAGUSD Candle Patterns

Bullish XAGUSD Candlestick Patterns & Bearish XAGUSD Candlestick Patterns

Inverted Hammer Silver Candle Pattern and Shooting Star Silver Candlestick Pattern candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a market silver trend (star) or the bottom of a market silver trend (hammer).

Difference is that inverted hammer is a bullish reversal silver trading pattern while shooting star is a bearish reversal silver trading pattern.

Upward Silver Trend Reversal - Shooting Star Candles

Downward Silver Trend Reversal - Inverted Hammer Candles

Inverted Hammer Silver Candle Pattern and Shooting Star Silver Candlestick Pattern Silver Trading Chart Patterns

Inverted Hammer Silver Candlestick

This is a bullish reversal candle pattern. It occurs at the bottoms of a Silver trend.

Inverted hammer occurs at the bottoms of a down silver trend and indicates the possibility of reversal of the downward Silver trend.

Inverted Hammer Silver Trading Candle

Technical Analysis of Inverted Hammer Silver Trading Candle

A buy is confirmed when a candle closes above neckline, this is the opening of the candle on the left side of this pattern. The neckline in this case is a resistance zone.

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

An inverted hammer is named so because it indicates that the xagusd market is hammering out a bottom.

Shooting Star Candlestick

This is a bearish reversal candle pattern. It forms at tops of a market trend.

It occurs at the top of an up silver trend where the open xagusd trading price is the same as the low & xagusd price then rallied up but was pushed back downwards to close near the open.

Shooting Star Candle

Technical Analysis of Shooting Star Candlestick

A sell is confirmed when a candle closes below the neckline, 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 xagusd trades should be set a few pips above highest xagusd trading price on the recent high.

The Shooting Star is named so because at the top of an upward market silver trend this silver candle pattern looks like a shooting star up in the sky.