British Pound / New Zealand DollarEducation
BULLISH ENGULFING - CANDLE FORMATION (BULLISH REVERSAL)
Consists of 2 candlesticks. The size of the first candle is not important.
The second candle should be a large bullish candle that creates a
new low yet closes higher than the first candle.
NOTES:
TRIGGER:
The second candle should be a large bullish candle that creates a
new low yet closes higher than the first candle.
NOTES:
- his is only a valid formation when at a key level of support.
TRIGGER:
- Buy on the open of the next candle after the close of the Bullish Engulfing.
- After the close of the Bullish Engulfing Candle wait for the open of the next candle to Buy a retrace of the Bullish Engulfing.
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