Engulfing Candle Trading Strategy - Engulfing Candle Rules - Types of Engulfing Candlesticks

Engulfing Candle Pattern - Bearish Engulfing Candlestick in an Uptrend - Bullish Engulfing Candlestick in a Downtrend

Engulfing Candle Pattern is a reversal candlestick pattern which can be bearish or bullish depending upon whether it appears at the end of a forex downtrend or at the end of a forex uptrend.

Bullish Engulfing Candlestick Pattern - Bearish Engulfing Candle Pattern

Bearish Engulfing Candles in an Uptrend - Bullish Engulfing Candles in a Downtrend

The color of the first forex candlestick indicates trend of the day.

The second forex candlestick should completely engulf the first forex candle and it should have opposite color.

For Bullish Engulfing the color of the forex candle-stick should be Blue

For Bearish Engulfing the color of the forex candle-stick should be Red

Engulfing Candle Trading Strategy - Engulfing Candle Rules - The Engulfing Trader Guide

Morning Star Candlesticks, Evening Star Candlesticks and Engulfing Candlesticks Patterns

Morning Star Forex Trading Candlestick

Morning Star Candlestick Pattern

Technical Analysis of Morning Star Forex Trading Pattern

Morning star is a 3 day bullish reversal candle pattern.

First day is a long black forex trading candlestick.

Second day is a morning star that gaps away from the long black forex trading candlestick.

Third day is a long white forex candle-stick that fills the gap.

Filling of the gap & closing of the white forex candle above the gap is a strong bullish Forex signal.

Forex traders should open a buy trade after market price closes above the gap formation of the morning star. This is confirmation signal of a buy signal generated by this forex trading candlesticks pattern.

Evening Star FX Candle

Opposite of the morning star

Evening Star Candlestick Pattern

Technical Analysis of Evening Star Candle Pattern

Evening star is a 3 day bearish reversal candle pattern.

The first day is a long white forex trading candlestick.

The second day is evening star that gaps away from the long white candle stick.

Third day is a long black forex candle-stick that fills the gap.

Filling of the gap & closing of the black forex candle below the gap is a strong bearish Forex signal.

Traders should open a sell trade once the market closes below the gap formation of the evening star. This is confirmation signal of a sell signal generated by this forex trading candle pattern.