TOP 10 Reversal Candlestick Patterns Every Forex Trader Needs To Know In 2019

#2: Shooting Star  Candlestick Pattern(Bearish Pin Bar)

Don’t get confused…a shooting star is a bearish pin bar (or a bearish pin bar is a shooting star) as long as this candlestick forms in an uptrend.

A shooting star is a single candlestick pattern and the thing that makes this candlestick the most easiest of all reversal candlesticks to identify is this:  it looks like a pin as shown below.

shooting star candlestick pattern

Where Shooting Star /Pin Bar Patterns Form On A Chart

Look for shooting stars/bearish pin bars on:

  • resistance levels
  • downward trendline touches
  • fib retracement levels
  • or a confluence of any of the above.

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