Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Engulfing candle pattern

Engulfing candle pattern

Discussion started on Forex Education

Print
Pages: 1 ... 37 38 [39] 40 41   Go Down

Dyandra

  • Hero Member
  • Posts: 63799
  • Points: 131
  • Likes Received: 57
  • Reputation: +53/-46
You can use this pattern well if you are capable of trading
#571 - March 11, 2023, 04:18:31 AM

Vernalta

  • Hero Member
  • Posts: 65779
  • Points: 170
  • Likes Received: 99
  • Reputation: +18/-46
You can use this pattern well if you do analysis
#572 - March 11, 2023, 10:53:11 PM

Dyandra

  • Hero Member
  • Posts: 63799
  • Points: 131
  • Likes Received: 57
  • Reputation: +53/-46
this is a good opinion indeed you can use for confirmation
#573 - March 12, 2023, 03:23:14 AM

Nettawa

  • Hero Member
  • Posts: 29658
  • Points: 115
  • Likes Received: 45
  • Reputation: +51/-45
You can use this pattern well if you really provide benefits
#574 - March 14, 2023, 04:27:40 AM

Dyandra

  • Hero Member
  • Posts: 63799
  • Points: 131
  • Likes Received: 57
  • Reputation: +53/-46
many people make this pattern as the main signal confirmation including me too
#575 - March 15, 2023, 01:02:37 AM

Kardel Sharpeye

  • Hero Member
  • Posts: 2167
  • Points: 2732
  • Likes Received: 3
  • Reputation: +0/-11
The engulfing candle pattern in forex trading is a two-candle reversal pattern that is used to signal a trend reversal. This pattern is formed when a large candle?s body completely engulfs the body of the previous candle, indicating a change in price momentum. The engulfing candle pattern is especially important in forex trading as it can be used to identify potential entry and exit points. It can also alert traders to potential changes in market direction, allowing them to adjust their trading strategies accordingly. Traders should pay close attention to the open, close, and range of the engulfing candle to determine the degree of conviction behind the reversal.
#576 - March 17, 2023, 01:10:55 AM

Dyandra

  • Hero Member
  • Posts: 63799
  • Points: 131
  • Likes Received: 57
  • Reputation: +53/-46
This is a very good pattern that we really have to master properly.
#577 - March 17, 2023, 07:02:56 PM

kuhaku

  • Hero Member
  • Posts: 3553
  • Points: 4078
  • Likes Received: 23
  • Reputation: +1/-0
If an engulfing candle appears then there is a buyer or seller who has won and of course we can take advantage of this
#578 - March 17, 2023, 10:15:21 PM

Kardel Sharpeye

  • Hero Member
  • Posts: 2167
  • Points: 2732
  • Likes Received: 3
  • Reputation: +0/-11
Engulfing candle pattern is a two-candle chart pattern that signals a potential reversal in the forex market. It is formed when a large bullish candle completely "engulfs" a smaller bearish candle. This indicates a shift in sentiment from bearish to bullish, potentially indicating that a reversal is imminent. Traders use this pattern to enter long positions when the price is near the bottom of the pattern.
#579 - March 18, 2023, 12:08:55 AM
« Last Edit: March 18, 2023, 12:21:37 AM by Kardelsharpeye »

Vernalta

  • Hero Member
  • Posts: 65779
  • Points: 170
  • Likes Received: 99
  • Reputation: +18/-46
use this confirmation to find out how to win
#580 - March 18, 2023, 01:20:03 AM

Nettawa

  • Hero Member
  • Posts: 29658
  • Points: 115
  • Likes Received: 45
  • Reputation: +51/-45
You can use confirmation but this pattern well
#581 - March 25, 2023, 08:44:08 AM

Vernalta

  • Hero Member
  • Posts: 65779
  • Points: 170
  • Likes Received: 99
  • Reputation: +18/-46
You can use this pattern if you have a good way
#582 - March 26, 2023, 05:43:18 AM

kuhaku

  • Hero Member
  • Posts: 3553
  • Points: 4078
  • Likes Received: 23
  • Reputation: +1/-0
if the engulfing pattern appears it means there is a trend that has ended, so you should close your position immediately
#583 - March 28, 2023, 07:24:38 AM

Nettawa

  • Hero Member
  • Posts: 29658
  • Points: 115
  • Likes Received: 45
  • Reputation: +51/-45
You can always use this pattern as a tool
#584 - March 29, 2023, 05:24:10 AM

Dyandra

  • Hero Member
  • Posts: 63799
  • Points: 131
  • Likes Received: 57
  • Reputation: +53/-46
I always use this pattern confirmation when I want to open a position because it is accurate
#585 - March 30, 2023, 03:07:40 PM
Print
Pages: 1 ... 37 38 [39] 40 41   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Engulfing candle pattern

Members:

0 Members and 1 Guest are viewing this topic.


Engulfing candle pattern in Forex Education_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: