Bullish Engulfing Candlestick Patterns Tutorial
Engulfing Candle Pattern
Engulfing Candle Pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a gold down trend or at the end of a gold upwards trend.
Bullish Engulfing Candle Pattern - Bearish Engulfing Candlestick Pattern
Bearish Engulfing XAUUSD Candle in an Up XAUUSD trend
Color of the first candlestick indicates gold trend of the day.
The second candlestick should completely engulf the first candle & it should have the opposite color.
For Bullish Engulfing the color of the candlestick should be Blue
For Bearish Engulfing the color of the candlestick should be Red
Bullish Engulfing Candle Patterns Tutorial - Bullish XAUUSD Candle Patterns Tutorial - Types of Engulfing Candlestick Patterns - Bearish Engulfing Gold Candle in an Up Gold trend - Bullish Engulfing Gold Candle in an Downtrend
Evening Star Candle Pattern
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning Star Candle Pattern
Morning star is a 3 day bullish reversal candle pattern.
The first day is a long black candle.
The second day is a morning star which gaps away from the long black candlestick.
Third day is a long white candle which fills the gap.
The filling of the gap & closing of the white candle above the gap is a strong bullish xauusd trading signal.
Traders should open a buy gold trade after market xauusd price closes above the gap formation of morning star candlestick pattern. This is the confirmation signal of a buy signal generated by this candle sticks pattern.
Evening Star Candle Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candlestick Pattern
Evening star is a 3 day bearish reversal candle pattern.
First day is a long white candlestick.
Second day is the evening star that gaps away from the long white candlestick.
Third day is a long black candle which fills the gap.
The filling of the gap & closing of the black candlestick below the gap is a strong bearish xauusd trading signal.
Traders should open a sell gold trade once the xauusd market closes below the gap formation of the evening star candle pattern. This is the confirmation signal of a sell signal generated by this xauusd trading candle pattern.
