What Happens in Silver Trading after a Inverted Hammer Silver Candlesticks Pattern?

Inverted Hammer candles pattern is a bullish reversal candle pattern. It occurs at the bottoms of a Silver trend.

Inverted Hammer xagusd candles pattern occurs at bottom of a down silver trend and indicates the possibility of reversal of the downward xagusd trend.

Inverted Hammer Bullish Silver Candlesticks Pattern

Analysis of Inverted Hammer Silver Candle Pattern

A bullish reversal buy xagusd trading signal is confirmed when a candlestick closes above the neckline, this is the opening of the candle on the left side of this inverted hammer candles 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 once a trader opens a trade based on this candlesticks pattern setup. An inverted hammer xagusd candles pattern is named so because it signifies that the xagusd market is hammering out a bottom.