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Engulfing candlestick trading strategy
The document explains the strategy for trading using candlestick patterns, focusing on bullish and bearish engulfing signals. It emphasizes identifying major trends, utilizing different time frames, and setting target profits and stop losses based on specific risk-reward ratios. Additionally, it discusses potential growth of investment through disciplined trading practices.
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Engulfing candlestick trading strategy
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- 4. open high high lowlow close close open Candlestick informationthat need to know in each candlestick Open, High, Low Close
- 5. high high low Close The high firstcandle must be break by the close second candle Bullish Engulfing
- 6. high high low Close low Low of thefirst candle must be break by the close second candle. Bearish Engulfing
- 7. 1. Determine themajor trend in daily candlestick. 2. Find the Engulfing Candlestick in H4 time frame. Step To Trade EngulfingCandlestick
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- 9. Close high Yesterday Candle Break High 1 :Open D1 Chart 2. Yesterday Candle high/low break by close candle 3. Look for BUY opportunity Mindset Buy
- 10. Close high Break High Bullish Engulfing Signal Minset isBUY, Look for Bullish Engulfing in H4 Bullish Engulfing
- 11. high low Close low high Yesterday Candle Break Low 1: Open D1 Chart 2. Yesterday Candle high/low break by close candle 3. Look for SELL opportunity Mindset Sell
- 12. Downtrend Bearish Engulfing Signal Mindset is SELL,Find bearish Engulfing Signal In H4, Bearish Engulfing
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- 14. Target Profits Stop Loss Buy 60pips 1:2 Entrywhen Bullish Engulfing is completed. Target Profit double from reward
- 15. Target Profits Stop Loss Sell 60pips 1:2 Entrywhen Bearish Engulfing is completed. Target Profit double from reward
- 16. Target Profits Stop Loss Buy 60pips 1:2 SetLimit Order at HIGH first candle. Target Profits Will be double from the risk
- 17. Target Profits Stop Loss Sell 60pips(min) Set Limit Order at LOW first candle. Target Profits Will be double from the risk
- 18. See how youcan grow your money from 100usd to 11,883usd with only 40pips per day with 3% risk of your money. Click Here
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