Reversal XAGUSD Candle Patterns and Their Confirmation: Hammer Silver Candle Pattern & Hanging Man Silver Candlestick Pattern

Bullish XAGUSD Candlestick Patterns & Bearish XAGUSD Candlestick Patterns

Reversal candlestick patterns occur after an extended prior trend. Therefore, for a candlestick pattern to qualify as a reversal silver pattern there must be a prior trend.

These reversal candle patterns are:

1. Hammer Silver Candle Pattern & Hanging Man XAGUSD Candlestick Pattern
2. Inverted Hammer Silver Candlestick Pattern and Shooting Star XAGUSD Candlestick Pattern
3. Piercing Line Silver Candlestick Pattern & Dark Cloud Cover XAGUSD Candlestick Pattern
4. Morning Star Candles and Evening Star Candles
5. Engulfing Silver Candles Patterns

Hammer XAGUSD Candle Pattern & Hanging Man XAGUSD Candlestick

Hammer Silver Candle Pattern & Hanging Man Silver Candle Pattern candles look alike but hammer is bullish reversal silver trading pattern and hanging man is a bearish reversal silver trading pattern.

Hammer Silver Candle Pattern & Hanging Man Silver Candlestick Pattern

Hammer Candlestick

Hammer is a potentially bullish pattern that forms during a downwards silver trend. It is named so because the xagusd market is hammering out a market bottom.

A hammer 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 Candle

Technical Analysis of Hammer XAGUSD Trading Candles Pattern

The buy silver signal is confirmed when a candle closes above the opening xagusd price of the candlestick on the left side of the hammer candlestick pattern.

Stop orders should be set a few pips just below the low of the hammer candle stick.

Hanging Man Candlestick

This silver trading pattern is a potentially bearish reversal silver signal which forms during a upwards silver trend. It's named so because it looks like a man hanging on a noose up high.

A hanging man candlestick 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 Candle

Technical Analysis of Hanging Man XAGUSD Candlesticks

The sell silver signal is confirmed when a bearish candle closes below the open of the candlestick on leftside of this hanging man candlestick pattern.

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