Engulfing Candlestick Strategy - Engulfing Candle Rules and Types of Engulfing Candle Setups
Bearish Engulfing Candles Pattern in an Uptrend - Bullish Engulfing Candles Pattern in a Downtrend
Engulfing Candles Pattern is a reversal candles pattern which can be bearish or bullish depending upon whether it appears at the end of a downward trend or at the end of a upward trend.
Bullish Engulfing Candles Pattern - Bearish Engulfing Candles Pattern
Bearish Engulfing Candlestick in an Uptrend - Bullish Engulfing Candlestick in a Downtrend
Color of the first candle indicates the trend of day.
The second candle should completely engulf the first candle & it should have opposite color.
For Bullish Engulfing color of candles should be Blue
For Bearish Engulfing color of candles should be Red
Engulfing Candle Strategy - Bearish Engulfing Candles Pattern in an Uptrend - Bullish Engulfing Candles Pattern in a Downtrend
Morning Star Candle Setup - Evening Star Candlesticks Pattern - Engulfing Candle Setup
Morning Star Candle
Morning Star Candle
Forex Analysis of Morning Star Pattern
Morning star candle-stick setup is a three day bullish reversal candlesticks pattern.
First day is a long black candlestick.
Second day is a morning star that gaps away from the long black candlestick.
Third day is a long white candlesticks which fills the gap.
The filling of the gap & closing of the white candlesticks above the gap is a strong bullish 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 candles pattern.
Evening Star Candle
Opposite of the morning star
Evening Star Candle
Forex Technical Analysis of Evening Star Candle Pattern
Evening star candle-stick setup is a three day bearish reversal candlesticks pattern.
First day is a long white candlestick.
The second day is evening star that gaps away from the long white candlesticks.
Third day is a long black candlesticks which fills the gap.
The filling of the gap and closing of the black candlesticks below the gap is a strong bearish signal.
Traders should open a sell trade transaction once the market closes below gap formation of evening star. This is confirmation signal of a sell signal generated by this candles pattern.
