WHY NOT YOU TRY THIS IN FOREX TRADING?

              IN THIS ARTICLE WE ARE TALK ABOUT SHOOTING STAR CANDLESTICK PATTERN.

INTRODUCTION OF SHOOTING STAR CANDLESTICK .

discussing about the shooting star so the shooting star looks something like this ok so it's basically the opposite of a hammer this one over here is where the price open and you can see that the bias came in and pushed price all the way up higher and this is the absolute high for this particular period and then the sellers came in reverse all the gains made by the sellers and eventually closing near the lows over here so based on this visualization that you've seen right it's quite straightforward to know that this candlestick pattern the shooting star is a bearish reversal pattern sellers are momentarily in control right because you can see that the sellers has reverse all the gains mean by the the bias right the length of the week again ideally at least two times the length of the body and the longer the week the greater the price rejection so in this example let me share with you a shooting star so this would be a shooting star right a very typical textbook example the length of the week two times the length of the body and you know price is rejecting a higher prices the market is rejecting higher prices where else let me see this is another shooting star okay price has opened here then it went all the way up higher only to get rejected and finally closing near the lows so this are a couple of examples of what a shooting star looks like and similarly right . 

look at the below picture.

candlestick pattern and you know what it's it's not really a pattern it's one candlestick but what it does require are the candles before and after to have lower highs that's gonna make it more effective than just finding it anywhere on the chart so what is it it's a bearish reversal it's a one candle pattern and it's relevant during an uptrend in price even take away just the trend if the trend is down but our direction is up for example in a rally in price we could use that as well and you could really find this on any timeframe and it's really easier to see on a candlestick chart than a bar chart and some of the features are the exact opposite of the hammer candlestick that I spoke about we want a long upper wick and that should make up over two-thirds of the total height of the candle the price is gonna close in the bottom third of the candlestick and have a small body and there could be a small shadow looking mean no shadow it doesn't really matter and what it really means is the sellers have been able to push the price down from highs and hold the lows at the close and that's bearish that's a bearish event so what does it mean well the pattern it highlights a market with that during the period that's represented by the candlestick you know your daily chart your weekly chart hourly chart whatever it is buyers are strong enough to push price higher well sometime during that time period that's represented the selling pressure was strong enough to overwhelm the buyers drive prices lower and then the sellers they could hold the prices near the lows and while the price may close lower than the open the price can also close higher than the open and we're have a green body when that happens so I want you to imagine that the price is in an uptrend you see the appearance of the shooting star well on the lower timeframes what you're really seeing is a complete down trending price structure of lower highs and lows but in your current timeframe what you're seeing are the sellers taking out the buyers and we have the potential of a change of trend or in the short term just the direction and trainers they often place a sell stop order just below the lows of the candlestick to enter short now the long upper wick that could be hard on the psychology of traders that are long so let's think about this the buyers are enjoying the profits that they gained during the uptrend the long upper shadow that shows a flurry of selling activity stepping into the market and when we close on the lows think of it inciting fear and those that are holding the long positions so those people that have a bearish view on the market and the buyers that are selling to exit we can see a sharp drop in the price I hope you are all understand about shooting star candlestick pattern.