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There are many different ways of trading the forex market and trading style and strategies completely vary from traders to traders. Among many different styles and trading technique, price action trading strategy is now getting huge popularity among the traders. Those who are trading the forex market for a long period of time knows exactly how important it is to master the art of price action trading strategy. In this article, we will learn how to trade the bullish morning star pattern in any financial asset.

What is bullish morning star price action signal?

A bullish morning star pattern is a price action confirmation signal which gives the traders bullish reversal signal in the market. The bullish morning star pattern is comprised of three different candlestick pattern.

Let’s see the formation of bullish morning star pattern


Figure: Bullish morning star price action candlestick pattern

The first candle is a big red candle which is in favor of the long-term bearish trend in the market. The second candlestick is the doji or bullish pin bar which shows the indecision of the market. When the doji or pin bar forms (the second candle of this pattern) in this pattern professional price action traders look for bullish confirmation signal in the market. In the above figure, you can clearly see that the third candle is the bullish confirmation signal in the market. Professional traders execute their long orders in the market as soon as they these type of candlestick pattern formation near the key support or resistance level in the market.

Trading the bullish morning star pattern is extremely profitable and reliable in the forex market. But before you trade this pattern make sure that you know how to draw the support and resistance level properly on your trading chart.

 

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Wanna Conquer Forex? The Morning Star’s Your Wingman

Alright, let’s cut to the chase: every forex trader’s got their thing. Some folks love their indicators, some people swear by fundamentals, and then you’ve got us price action nerds who just really like staring at candles all day (yeah, weird, I know). Out of all those fancy candlestick patterns, the bullish morning star is, honestly, the kind of chart setup that’ll make you smack your desk and say, “Oof, there’s my entry!” So, let’s chew over what this thing is, why it kinda rocks, and how you can actually put it to use — instead of just reading about it and then getting distracted by TikTok. I see you.

### The Bullish Morning Star: So, What the Heck Is It?

Picture this: the market’s just been getting dunked on, bears are crushing every little rally, and then — boom — the morning star drops in. It’s a classic “wait a second, maybe this death spiral’s over” move. Three candles, that’s the play. Shows up at the tail end of a downtrend, and everyone with a caffeine habit perks up because it screams reversal.

When you spot this on a juicy support level? That’s not just pattern hunting; that’s a vibe. Pure market psychology in action. Sellers gas out, buyers sniff opportunity, and suddenly, you might just catch the bottom before everyone else starts buying and flexing on Twitter.

### How the Morning Star Actually Looks (Because Details Matter)

Let me break this down — no jargon, scouts honor:

1. First Candle: Big Red-Ouch Energy
This thing’s just a fat bearish candle. Think: “the pain continues.” Sellers are winning, traders are grumpy.

2. Second Candle: The “Uhhh?” Moment
Here comes a doji, or maybe a pin bar with a long lower tail — kinda depends. This one’s the awkward coffee break: not much movement, absolute confusion. Nobody knows what’s up. Love that.

3. Third Candle: Green Means Go
The final act: fat bullish candle, ideally closing above the middle of that first nasty red candle. Confirmation, baby! This is when FOMO starts kicking in for, well, almost everyone.

### Okay, But How Do You Actually Trade This Thing?

Glad you asked (even if you didn’t). Here’s my no-BS cheat sheet:

* Find Real Levels
Don’t just randomly trade it — you want these bad boys lining up near a proper support level. Draw your zones, don’t be lazy, and skip the ones floating in the middle of nowhere.

* Make Sure It’s Legit
Sometimes you’ll get “morning stars” that look more like wishful thinking. Three clear candles, with that indecisive middle one — accept no substitutes.

* Wait for the Green Light
I usually pull the trigger once that third, bullish candle closes, or right above its high. Don’t try to “get ahead” of the move. That’s how you get wrecked.

* Risk Management, Always
Put your stop loss below the doji or pin bar — not negotiable. For targets, shoot for the last resistance or just use a solid risk-reward ratio (I go 1:2 or 1:3, but hey, to each their own).

### Why’s Everyone Obsessed With the Morning Star?

Honestly, it’s about catching those reversals — early, before the herd arrives. Real sentiment shift, real opportunity, and if you pair it with your support/resistance skills? You’re set. Price action is still king in the wild west of forex. Nothing fancy. Just raw order flow and trader panic/desperation, served up candle by candle.

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### TL;DR, Please?

If you want to level up — like, actually make better calls instead of praying after every trade — learn to spot this pattern. The bullish morning star isn’t magic, but it is about the closest you’ll get to a neon “GO LONG NOW” sign in forex. Be patient, don’t overthink it, and most importantly...stop doomscrolling and go study some charts. This one’s worth your time, trust me.