How to Trade Bullish Engulfing Pattern and grab Trend initial to END of Trend.
What is a bullish engulfing pattern?
A bullish engulfing pattern is a candlestick pattern normally found at the end of a trend. Engulfing pattern is created by interpreting the data of two completed candles.The first candle will depict the end of the currency pairs established weakness.The size of this primary candle can vary from chart to chart and is not directly pertinent to the pattern itself.
The second candle in the most important candle of the pattern and is considered the actual reversal signal. Ideally the high of this candle should extend well above the high of the previous candle. This action often precedes a continued rise in price with buyers looking to enter the market on new strength.
How to Uses in Trading
Once a bullish engulfing pattern is found, traders had the option of considering a variety of entry mechanisms to place new positions.
The low of a bullish engulfing pattern can also be used as an area of support. Regardless of the method chosen to pick a market entry, traders may choose to
place stop orders under this price level in the event that a bullish reversal fails and a lower low is made.
But There are more accurate Engulfing pattern
Advanced Engulfing Trade
this method more accurate to identify
trend start, trend end reverse, retracement
but there are Advanced engulfing pattern
as you can see almost trader invisible
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