Cad/Jpy Engulfing Bearish candle pattern
In time frame Daily we got bullfighting yesterday (28/08/2017).
-Engulfing Bearish candle pattern :Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns.-
It is a major reversal signal.
Sell opportunity is at top ,sell only if the price reach the top .
Stop loss tight 40 pips travel.
Trade safe , good luck ;)
-Engulfing Bearish candle pattern :Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns.-
It is a major reversal signal.
Sell opportunity is at top ,sell only if the price reach the top .
Stop loss tight 40 pips travel.
Trade safe , good luck ;)
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