🎯🎯 How To Trade The Engulfing Candle Pattern? 🎯🎯

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Learn how this powerful Japanese candlestick patterns can help
you identify high probability trading setups-so you can profit.

First of all – what is the Engulfing candle pattern?

The Engulfing candlestick pattern is formed by two candles. The pattern is pretty easy to use structure.

Understand the differences between the bullish and bearish
engulfing candle will help your trading if used correctly.

Bullish Engulfing-
Opens lower and closes higher (and engulfs the previous candle)

Bearish Engulfing-
Opens higher and closes lower (and engulfs the previous candle)

Discover how to read the engulfing candlestick patterns like a professional with these 3 most effective and profitable ways:

1. Created parallel to a false breakout and confirming it
2. On the top/ bottom of channels (like Bollinger bands)
3. Confirmed with divergence (recognized on Macd, RSI etc…)

The 1st powerful method you will use
1. Create a parallel to a false breakout and confirming it
A false break is described as a failed attempt to create a new high or low on the price.
If the false break is completed by an engulfing – that provides us as traders a great trading condition.

Learn more about false breaks here – https://youtu.be/siSZZte6QHI

2. On top/ Bottom Channels

You have a majority of tops and bottoms covered with the channels you are using and is relevant to current market conditions. We want to see the engulfing patterns comes at the top trying to false break

What is a channel?
Channels can be from parallel lines, ranges, Bollinger bands or patterns. In this video, I am using the envelope pattern.

To learn more about channels – https://youtu.be/ckXD7joXcv8

What is a Bollinger Band?
Bollinger bands represent two volatility lines around the 20 days moving average. The two bands are placed at 2 standard deviations from the moving average. The move towards each band can be taken as buy or sell signals.

Check out Triple B – https://youtu.be/w3Amd4G1tQA

3. Confirmed with Divergence

Divergence situation is when the price ends. It doesn’t matter which indicator you prefer, whether it is the RSI, Stochastic and others. In this video, I am using the MACD.
When the price and the indicator give you a different picture at the end of the trend.

If you are new to divergence please click on the link below:

– https://youtu.be/HLjx7gtqni8

You can start your training here:

– http://media.university/divergenceYT

Thank you for watching my video. If you enjoyed it please hit the like button and leave your feedback in the comments.

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#Engulfing #Japanesecandle #Forexstrategy #forextrading

Yours to your success,

Vladimir Ribakov
http://b.link/wr-tac

Bearish Divergence Stochastic, 🎯🎯 How To Trade The Engulfing Candle Pattern? 🎯🎯.

Who Wants To Be A Forex Trading Millionaire?

These are: financial analysis and technical analysis. This everyday charts technique can make you 100-500 pips per trade. The very first point is the technique to be followed while the 2nd pint is the trading time.

🎯🎯 How To Trade The Engulfing Candle Pattern? 🎯🎯, Enjoy trending explained videos related to Bearish Divergence Stochastic.

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This analysis strategy depends upon identifying various levels on the chart. This suggests, among other things, only investing what you can pay for to lose. Never ever have a big stop loss unless you are doing swing trading.

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Don’t forecast – you ought to just act upon verification of rate modifications and this constantly means trading with rate momentum on your side – when applying your forex trading method.

Not all breakouts continue naturally so you require to filter them and for this you need some momentum signs to validate that price momentum is accelerating. 2 good ones to utilize are the Stochastic Trading and RSI. These indications offer verification of whether momentum supports the break or not.

To get the odds even more Stochastic Trading in your corner, when the breakout begins, cost momentum should be on the increase and here you require to find out about momentum oscillators.

If you want to earn money forget “purchasing low and selling high” – you will miss all the big relocations. Rather look to “buy high and sell greater” and for this you need to understand breakouts. Breakouts are just breaks of crucial support or resistance levels on a forex chart. Most traders can’t purchase these breaks.

In common with practically all aspects of life practice is the crucial to getting all 4 components working together. This is now much easier to accomplish as many Forex sites have demonstration accounts so you can practice without running the risk of any real cash. They are the nearby you can get to trading in real time with all the pressure of prospective losses. However keep in mind – practice makes best.

Yet once again, examine your assessments versus a minimum of 1 additional indicator. In typical with practically all elements of life practice is the essential to getting all 4 elements collaborating.

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