End of Market Structure Trend
Market Structure Uptrend > Market Structure Downtrend
make sure you identify where the higher low is and see if it has break or not
then your entry target must be near the higher high before as is the picture
Hmmm, Got something today?🧐
Hopefully this will help you a lot !!
Market Structure Uptrend > Market Structure Downtrend
make sure you identify where the higher low is and see if it has break or not
then your entry target must be near the higher high before as is the picture
Hmmm, Got something today?🧐
Hopefully this will help you a lot !!
WHAT IS BULLISH ENGULFING ????
Bullish engulfing is formed with two bearish and bullish candlesticks. This engulfing bullish pattern is formed when the bullish candlestick on the second day opens lower and closes higher than the bearish candlestick on the previous day.
An example of bullish engulfing is like the picture above where the bullish candlestick swallows the bearish candlestick completely. Bullish engulfing occurs when a price is in a downtrend and when this bullish engulfing is formed, it indicates that the trend phase will make a correction and is expected to turn into an uptrend phase.
Bullish engulfing is formed with two bearish and bullish candlesticks. This engulfing bullish pattern is formed when the bullish candlestick on the second day opens lower and closes higher than the bearish candlestick on the previous day.
An example of bullish engulfing is like the picture above where the bullish candlestick swallows the bearish candlestick completely. Bullish engulfing occurs when a price is in a downtrend and when this bullish engulfing is formed, it indicates that the trend phase will make a correction and is expected to turn into an uptrend phase.
WHAT IS BEARISH ENGULFING ????
Bearish engulfing is formed with two bullish and bearish candlesticks. This engulfing bearish pattern is formed when the bearish candlestick on the second day opens lower and closes higher than the bullish candlestick on the previous day.
An example of bearish engulfing is like the picture above where the bearish candlestick swallows the bullish candlestick completely. Bearish engulfing occurs when a price is on a downtrend and when this bearish engulfing is formed, it indicates that there will be a change of trend into an uptrend.
Bearish engulfing is formed with two bullish and bearish candlesticks. This engulfing bearish pattern is formed when the bearish candlestick on the second day opens lower and closes higher than the bullish candlestick on the previous day.
An example of bearish engulfing is like the picture above where the bearish candlestick swallows the bullish candlestick completely. Bearish engulfing occurs when a price is on a downtrend and when this bearish engulfing is formed, it indicates that there will be a change of trend into an uptrend.
PENDING ORDER IN BEARISH ENGULFING
When bearish engulfing is encountered, the previous small bullish candle sign for our Sell entry zone. Example in the picture above. Stoploss is 20-30pip from last shadow engulfing. For the engulfing technique, we need to wait for the retracement to the zone for entry to avoid high floating.
When bearish engulfing is encountered, the previous small bullish candle sign for our Sell entry zone. Example in the picture above. Stoploss is 20-30pip from last shadow engulfing. For the engulfing technique, we need to wait for the retracement to the zone for entry to avoid high floating.
PENDING ORDER IN BULLISH ENGULFING
When bullish engulfing is encountered, the previous small bearish candle sign for our Buy entry zone. Example in the picture above. Stoploss is 20-30pip from last shadow engulfing. For the engulfing technique, we need to wait for the retracement to the zone for entry to avoid high floating.
When bullish engulfing is encountered, the previous small bearish candle sign for our Buy entry zone. Example in the picture above. Stoploss is 20-30pip from last shadow engulfing. For the engulfing technique, we need to wait for the retracement to the zone for entry to avoid high floating.
DOUBLE TOP & DOUBLE BOTTOM ARE REVERSAL PATTERN
Double top is the price up to the resistance part 2 times. Strong resistance causes the price to not be able to break the resistance has fallen. DOUBLE TOP: SELL ONLY
Double bottom is the price up to the support as many as 2 times. The strong support section causes the price not to fall further and continue to rise. DOUBLE BOTTOM: BUY ONLY
Both of these patterns need to make neckline breakout confirmations for our entry😎
Double top is the price up to the resistance part 2 times. Strong resistance causes the price to not be able to break the resistance has fallen. DOUBLE TOP: SELL ONLY
Double bottom is the price up to the support as many as 2 times. The strong support section causes the price not to fall further and continue to rise. DOUBLE BOTTOM: BUY ONLY
Both of these patterns need to make neckline breakout confirmations for our entry😎