get best free forex signals by trading use Bullish Engulfing Pattern
Published by bestsignals
get best free forex signals by trading use Bullish Engulfing Pattern
BULLISH REVERSAL
1. Two candle pattern
2. The first candle has a filled real body, in line with the Bear trend
3. The second candle has an open real body
4. The second candle’s real body surrounds the real body of the first
5. The position of the shadows on either candles does not matter
6. The market is in a downtrend when the pattern appears
We were in a long-term uptrend, there’s no doubt about that. In fact the trend was
so strong that there would be many people out there looking for a buying
trading signal , either because they’ve missed making money on the previous up-leg,
or because they’ve covered longs and are now looking to get long once more on any
weakness.
On these three occasions the market pulled back to a short-term Fibonacci
retracement level, then the Bullish Engulfing Patterns appeared
Bullish Engulfing Pattern the accurate and best forex signals
The Bullish Engulfing Pattern is two candles; the first a filled candle in a
downtrend. The change occurs on the second candle when the bulls have a great day
after a bad start, and they manage to post a close on day two above the open on day
one.
This is generally a strong reversal pattern, and one I’d recommend keeping an eye
out for.
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