Hammer candlestick pattern
Bullish · 1-candle pattern
Sellers pushed price down, but buyers took it all back. A sign the fall may be ending.
How to spot it
- Appears after a fall
- Long lower wick, at least 2x the body
- Small body near the top
How to trade it
- Best at a key support or resistance level, with the bigger trend
- Enter after the pattern candle closes
- Stop loss beyond the pattern wick, target at least 2x the risk
- No pattern works every time - always use a stop loss
Latest real example on gold
XAUUSD 1-hour chart, Thursday 12 November, 15:00 GMT: in the next 8 hours price moved 218 pips in the pattern direction and 43 pips against it. (published 14 Nov 2026)
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.