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forex trading strategy for Shooting Star
Shooting Star properties BEARISH REVERSAL
1. Small real body
2. Real body is at the bottom end of the day’s range
3. Very small, or no lower shadow
4. The long upper shadow should be at least
twice the height of the real body
5. The colour of the real body is not important
6. Market is in an uptrend

Shooting Star forex trading strategy summary
You can see that the Shooting Star is the exact opposite to the Hammer. The
construction and psychology are exactly the same but in reverse.
It is a single candlestick in a rising market with a long upper shadow and a small
real body at the bottom end of the candle’s range.
In summing up the Hammer I said that it was one of my favourites, so it follows
that its bearish opposite number will also be high on my list. It is indeed. These
patterns are so simple yet so effective. Just the sort of technical analysis I like!
As with the Hammer it’s also worth highlighting that these are generally great
patterns to look out for on short-term charts (10 to 30-minute) for futures contracts
or equities that trade with a combination of good volume and volatility.
 
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