Forex eBook

Bullish Engulfing Pattern



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Bullish Engulfing Pattern

Bullish Engulfing Pattern Basic Info

Bullish Engulfing is reversal type of candlestick pattern. If we detect this pattern during Bearish trend period it mean trend is going to change to bullish (Reliability Medium).

How to recognize Bullish Engulfing Pattern:

1. Market is Bearish – downtrend.
2. We see a red candlestick in the first day.
3. Then we see a green candlestick that completely engulfs the real body of the first day.

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