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Forex Trader: How To Trade Engulfing Candle Patterns Professionally - Investment - Nairaland

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Bearish Engulfing Candle / EFCC Nabs Forex Trader For Failing To Fulfil 35% Monthly ROI / The Richest Forex Trader In The World! (2) (3) (4)

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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/

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 grin
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:
Lol, that is not a bearush engulfing grin
it's the positioning. The red candle should be after the green not before.

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