In this video, you will learn about the bullish and the bearish engulfing candlestick patterns. The bearish engulfing pattern is a bearish reversal pattern. You locate this pattern at the end of an uptrend. The first candlestick is a bullish candlestick. It is followed by a bearish candlestick, which engulfs the body of the previous one. You can take a short position with your stop-loss below the lows. The bullish engulfing pattern is a bullish reversal […]
Posts Tagged ‘engulfing’
Simple Candlestick Reversal Patterns | Engulfing and Harami
November 28, 2019 at 4:05
In this video, you will look at two important candlestick reversal patterns, the engulfing and the harami pattern. There are two types of engulfing pattern, the bearish engulfing and the bullish engulfing pattern. The bearish engulfing is a two candlestick and a bearish reversal pattern. It occurs at the end of an uptrend, when buyers run out of steam and cannot push the price any further. The first candlestick is a bullish candlestick. It is followed by a large […]
A Guide to the Engulfing Candle Strategy
January 11, 2019 at 12:51
In this video, you will learn about the engulfing candle strategy. You can strategy for both up and down directions to trade. Look at the USD/JPY daily chart. From the chart, you can conclude that it was a very volatile session. As you can see, this is a bearish engulfing candle. It completely engulfs the body of this previous candle. On a break below the bottom of this candle, you can go […]
Forex Candlestick Tutorial — Part 13 — Engulfing Pattern
August 10, 2016 at 13:53
This is part 13 of the tutorial. In this video, you will look at the engulfing pattern. The engulfing pattern usually occurs at the end of a trend. The pattern is made of two candles of opposite colors. Generally the color of the first candle is the same as the color of the current market direction. The exception to the rule is when the first candle is a doji, in which case the color is irrelevant. The first candle is a small one. The second candle […]