Hi Traders,
This will be a tutorial on how to trade the bullish engulfing candle. Here are some points to check before trading a bullish engulfing candle:-
1. Trade this pattern only after a previous downtrend, or it can be an exhaustion candle which will result in loss.
2. The Engulfing candle has to break through and close above a key level or it can result in a pullback from the key level and
the trend may continue.
3. Trade after you get a confirmation in the form of rejection of price from the support level.
If u want to know more on this topic or any other comment below.
Happy Trading.....
This will be a tutorial on how to trade the bullish engulfing candle. Here are some points to check before trading a bullish engulfing candle:-
1. Trade this pattern only after a previous downtrend, or it can be an exhaustion candle which will result in loss.
2. The Engulfing candle has to break through and close above a key level or it can result in a pullback from the key level and
the trend may continue.
3. Trade after you get a confirmation in the form of rejection of price from the support level.
If u want to know more on this topic or any other comment below.
Happy Trading.....
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.