Trade setup for Shooting Star Candlestick Patterns

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Shooting star is a bearish candlestick pattern. shooting star forms when the market is in uptrend.

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the body of the Shooting Star is a small real body and a long upper shadow above it and color of the candle is not important.

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Benefits of shooting Star

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Shooting star indicate a potential price top and reversal.

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It is most effective when it forms after a series of three or more consecutive rising candles with higher highs.

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Trade setup for Shooting Star can be like this...

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Sell Price = Closing price of shooting star

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Stop Loss = High price of shooting star

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Target = You can set a target as per your risk reward ratio.

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Trade setup for Shooting Star Candlestick Patterns

Credit : Social Media

Shooting star is a bearish candlestick pattern. shooting star forms when the market is in uptrend.

Credit : Social Media

the body of the Shooting Star is a small real body and a long upper shadow above it and color of the candle is not important.

Credit : Social Media

Benefits of shooting Star

Credit : Social Media

Shooting star indicate a potential price top and reversal.

Credit : Social Media

It is most effective when it forms after a series of three or more consecutive rising candles with higher highs.

Credit : Social Media

Trade setup for Shooting Star can be like this...

Credit : Social Media

Sell Price = Closing price of shooting star

Credit : Social Media

Stop Loss = High price of shooting star

Credit : Social Media

Target = You can set a target as per your risk reward ratio.

Credit : Social Media

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