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.

open demo account with $10,000 and practice from below top broker in the world.

Comments

The Flag And Pennant Pattern

flagAndPennant The Flag And Pennant Pattern Flags and Pennants can be categorized as continuation patterns. They usually represent only brief pauses in a dynamic stock. They are typically seen right after a big, quick move. The stock then usually takes off again in the same direction. Here is a Typical Flags and Pennants Pattern: Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trend lines run parallel. Bearish flags are comprised of higher tops and higher bott

The Inverted Head and Shoulders Pattern

invertedheadAndShouldersPattern Inverted Head and Shoulders Pattern The inverted head and shoulders is typically seen in downtrends. invert of The Head and Shoulders Pattern. What's noteworthy about the inverted head and shoulders is the volume aspect. The Following is a Typical Trend of an Inverted Head and Shoulders Pattern The Formation of a Head and Shoulders Pattern The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume.

Five sectoral indices closed green while NEPSE Index loosing 0.14%

Five sector indices closed green while NEPSE Index loosing 0.14%; The NEPSE index closed at 1,897.08 today after losing 2.62 points from the last trading day's closing. This is a loss of 0.14%. The index lost 2.57 points yesterday. Nepse index 12-Dec-22 Five sector indices closed green; "Hotel and Tourism" gained the highest by 0.72%. Technical Analysis Technically Charts has not much changes although buyers are unable to beat sellers at buyers areas is not favorable sign for those who have bought.

MajhiTrading

Search This Blog