stephenleachman
Education

MORNING STAR - CANDLE FORMATION (BULLISH REVERSAL)

FX:GBPNZD   British Pound/New Zealand Dollar
168 0 20
Consists of 3 candlesticks . The first candle is a down candle.
The second candle creates a newlow and is a relatively small
Candle. This can be a doji or hammer type of pattern. The third
candle is a strong bullish candle that reverses the first 2 candles.

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

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