Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
Strategy 1. Stochastic cross at 50 level 2. RSI cross at 50 level 3. MACD cross at 0 level 4. Engulfing Candlestick? 5. Level 2 Tape sentiment balance (Optional) Technical Analysis It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard...
So let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish...
There is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this? i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency. ii. This week, the Federal Reserve is...
This candle creates the -FVG high. Use the low of this candle and extend out. This candle breaks market structure to the downside in the form of an impulse candle, bearish engulfing. The high of the candle following the engulfing candle sets the low of the -FVG and the candle should not trade back above through the candle high that created the lo. You can...
#Candlestick #CandlePattern #Tocademy #Tutorial Hello traders from all over the world, this is Tommy =) I was unexpectedly surprised by many of you who liked and supported my last post about the basic concept of TA(Technical Analysis). Today I prepared a brief lecture about the Candlestick Pattern, one of the most fundamental phenomenon and behaviors that traders...
Engulfing candlestick is formed when it completely engulfs the previous more than one candle but be considered an engulfing candlestick pattern because in Engulfing at least one candle must fully engulf. Types of Engulfing Candlestick Pattern Bullish Engulfing Pattern Bearish Engulfing Pattern #1 Bullish Engulfing Pattern Bullish Engulfing pattern consists...
✅Candlestick patterns trading is one of the oldest but most effective ways to analyze the foreign exchange market. The trader needs to find certain patterns, and based on them, decide where the price will go. Today we will talk about one of these candlesticks, which is called the "engulfing candle". There are two types of it: bullish and bearish. The appearance...
✅The price dynamics of an asset are displayed on the chart in different formats, including bars, lines, or candles. The latter format is most popular among traders and is often used in technical market analysis. What are candles and how to work with them? 🟢Candlesticks (Japanese candlesticks) are a graphical way of displaying price dynamics, in which vertical...
Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On EURUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some...
Wait for a Price Action Signal to form at the following support resistance levels. EMA 10 Level EMA 20 Level Fibonacci Level Horizontal Level Set Target at the next support resistance level. Set Stop Loss Below EMA 20 Price and Low Price of Price Action Signal Candlestick. Enter at close price of Price Action Candlestick. Engulfing Candlestick at Support...
Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. part2 bullich engulfing and bullish harami appear in the downtrend , It indicates the possibility of a price reversal ( long ) bearich engulfing and bearich harami appear in the uptrend , It indicates the possibility of a price reversal ( short)
In this video I explain my favourite candlestick patterns and how to use them in your own trading. Here we describe: Engulfing Candles Doji Candles Hammer Candles And I explain how to use them with confluence & context of where on the chart they occur.
RULE NO 1: Use S&R Levels As Well As The SUPPLY & DEMAND ZONES. RULE NO 2: Look For BULLISH ENGULFINGS In The UP TREND TREND 2: PIN BAR CANDLE 3: BULLISH HAMMER AND Look For BEARISH ENGULFING In The DOWN TREND 2: SHOOTING STAR 3: BEARISH PIN BAR NOTE: Use These Patterns on S&R , Supply And Demand Zones Break Of Structure Etc. 3RD RULE USE 4H TIMEFRAME IF...
The candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a...
Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price...
As traders we look to capitalise on all sort of markets, not just parabolic runs. Today we are exploring how to run a long strategy even when the bulls are not in control. WILL POST LAST 50 POSITIONS BELOW We are looking for an strategy that: 1. has been beating buy and hold all year 2. Has a drawdown of max 15% in may 2021 3. Is simple to execute and...