stephenleachman
Education

EVENING STAR - CANDLE FORMATION (BEARISH REVERSAL)

FX:GBPNZD   British Pound / New Zealand Dollar
239 2 24
Consists of 3 candlesticks . The first candle is an up candle.
The second candle creates a new high and is a relatively small
candle. This can be a doji or hammer type of pattern. The
third candle is a strong bearish candle that reverses the first
two candles.

NOTE:
  • This is only a valid formation when at a key level of resistance.

TRIGGER:
  • Sell on the open of the next candle after the close of the third candle forming the evening star .
  • Sell a retracement of the third candle of the evening star .
nice and simple...:)
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nice, good work! thanks
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