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