Bullish Engulfing Pattern and trade setup in binary options trading

What Is a Bullish Engulfing Pattern?

Bullish engulfing

A bullish engulfing pattern is a green (Bullish) candlestick that closes higher than the previous day's opening after opening lower than the previous day's close. It can be identified when a small red (bearish) candlestick, showing a bearish trend, is followed the next day by a large green (Bullish) candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.

How to make trade setup in binary options trading?

Engulfing trade setup

Once you spot the bullish engulfing draw horizontal line and wait until market price come to your drawn line area and close exactly at the label and if market open exactly previously closed area open your trade opposite direction for one candlestick time frame (1min, 5min). It will give you 90-95% accuracy.

Use same logic for the bearish engulfing pattern with opposite direction from bullish engulfing like below chart.

Bearish engulfing

Note: first practice in the demo account, once you familiar with the trade setup after the you can go to real account.

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