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Nairaland Forum / Nairaland / General / Investment / Forex Trader: How To Trade Engulfing Candle Patterns Professionally (334 Views)
Bearish Engulfing Candle / EFCC Nabs Forex Trader For Failing To Fulfil 35% Monthly ROI / The Richest Forex Trader In The World! (2) (3) (4)
Forex Trader: How To Trade Engulfing Candle Patterns Professionally by hicliq(m): 5:23pm On Apr 26, 2022 |
Engulfing Candle Patterns are always visible and they are patterns that traders lookout for whenever they want to take a long or short position, today we will be discussing what is an engulfing candle pattern, how the setup works, and how to trade them. in this article, you will learn a lot and we guarantee you that this article will really help you in your trading career. What Is Engulfing Candle Patterns An engulfing pattern is a white candlestick that closes higher than the previous day’s opening, after opening lower than the previous day’s close. This pattern is often seen as a sign that the market is about to rise. It can be recognized when a small black candlestick follows, showing a downtrend, the next day a large white candlestick, showing an uptrend, whose body completely overlaps or swallows the body of the previous day’s candlestick. A bullish engulfing pattern can be contrasted with a bearish engulfing pattern. Facts About a Bullish Engulfing Candle Pattern ➢ A bullish engulfing pattern is a candle pattern that forms when a small black candlestick is followed the next day by a large white candle set, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. ➢ Bullish engulfing patterns are more likely to signal reversals when they are preceded by at least four black candlesticks. ➢ Investors should not just look at the two candlesticks that form the bullish engulfing pattern, but also the preceding candlesticks. Continue Reading: https://www.heartzfx.com/engulfing-candle-patterns/
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Re: Forex Trader: How To Trade Engulfing Candle Patterns Professionally by kodded(m): 5:49pm On Apr 26, 2022 |
Lol, that is not a bearush engulfing |
Re: Forex Trader: How To Trade Engulfing Candle Patterns Professionally by Pacesetter2021: 7:36pm On Apr 26, 2022 |
Awesome |
Re: Forex Trader: How To Trade Engulfing Candle Patterns Professionally by Pacesetter2021: 7:37pm On Apr 26, 2022 |
kodded:it's the positioning. The red candle should be after the green not before. |
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