If a general bullish engulfing is used , Then there will be no loosers ..Its a patern of kinda engulfing but kinda different .. Just think generally on ur mind which creates momentum or test the one which gives you momentum..
All you need to have a candle which gives momentum..it can be engulfing or even pin bars or inside bars ..Test and see which gives you nice momentum..
All you need to have a candle which gives momentum..it can be engulfing or even pin bars or inside bars ..Test and see which gives you nice momentum..
DislikedWell if your definition is the strict definition then yes.
Bullish engulfing must take out the low of the previous bar and engulf it to take out the high.
In your DX chart your listed bullish engulfing didn't take out the low of the previous down bar. So in the strict sense it isn't bullish engulfing is it?Ignored
Institutional traders are nothing but eating retailers