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Learn how this powerful Japanese candlestick patterns can help
you identify high probability trading setups-so you can profit.

First of all – what is the Engulfing candle pattern?

The Engulfing candlestick pattern is formed by two candles. The pattern is pretty easy to use structure.

Understand the differences between the bullish and bearish
engulfing candle will help your trading if used correctly.

Bullish Engulfing-
Opens lower and closes higher (and engulfs the previous candle)

Bearish Engulfing-
Opens higher and closes lower (and engulfs the previous candle)

Discover how to read the engulfing candlestick patterns like a professional with these 3 most effective and profitable ways:

1. Created parallel to a false breakout and confirming it
2. On the top/ bottom of channels (like Bollinger bands)
3. Confirmed with divergence (recognized on Macd, RSI etc…)

The 1st powerful method you will use
1. Create a parallel to a false breakout and confirming it
A false break is described as a failed attempt to create a new high or low on the price.
If the false break is completed by an engulfing – that provides us as traders a great trading condition.

Learn more about false breaks here - https://youtu.be/siSZZte6QHI

2. On top/ Bottom Channels

You have a majority of tops and bottoms covered with the channels you are using and is relevant to current market conditions. We want to see the engulfing patterns comes at the top trying to false break

What is a channel?
Channels can be from parallel lines, ranges, Bollinger bands or patterns. In this video, I am using the envelope pattern.

To learn more about channels - https://youtu.be/ckXD7joXcv8

What is a Bollinger Band?
Bollinger bands represent two volatility lines around the 20 days moving average. The two bands are placed at 2 standard deviations from the moving average. The move towards each band can be taken as buy or sell signals.

Check out Triple B - https://youtu.be/w3Amd4G1tQA

3. Confirmed with Divergence

Divergence situation is when the price ends. It doesn't matter which indicator you prefer, whether it is the RSI, Stochastic and others. In this video, I am using the MACD.
When the price and the indicator give you a different picture at the end of the trend.

If you are new to divergence please click on the link below:

- https://youtu.be/HLjx7gtqni8

You can start your training here:

- http://media.university/divergenceYT

Thank you for watching my video. If you enjoyed it please hit the like button and leave your feedback in the comments.

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#Engulfing #Japanesecandle #Forexstrategy #forextrading



Yours to your success,

Vladimir Ribakov
http://b.link/wr-tac