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How to Trade the Bearish Engulfing Pattern
One of the goals of a technical trader in the Forex market is to identify changes in the direction of price action. Candlesticks are a natural tool for this task as they give visual insight into market psychology and can suggest changes in sentiment. With this in mind, today we will focus on spotting and trading one of the markets most clear cut reversal signals using the bearish engulfing candle pattern. What is a bearish engulfing pattern? A bearish engulfing pattern is a candle pattern established at the end of an uptrend. Pictured above the pattern is created by interpreting the data of two completed candles. The ... (full story)
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