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Bearish Engulfing
Today we will study "Bearish Engulfing". If you have learnt Bullish Engulfing then you don't need to learn Bearish Engulfing but just used your mind because It is just opposite to "Bullish Engulfing".It is created at the end of the an up-trending market.The Red Candle completely engulfs the previous day's white body.This shows that the red candle are now crushing the bullish or Green candle.
Now let's have a picture of Bearish Engulfing.
In the above Picture we see that this indicator is created at Resistance or Top level.Let's say the white real body is The Green candle similiarly the black real body is the Red candle.Now you might be thinking what's your next step would be?
You have to sell that currency pair because this will change the investor's sentiment rapidly.
Now I want you to look at this Picture and try to find out what happended when bearish Engulfing Appears?
You probably make 1000 pips here because it is 4 hour chart.I have took this from a live account !
I should add one more pictures here in order to give you proper knowledge regarding bearish engulfing. In this make a sense to you ? huh
Hope you got it now. Stay tune it !
Happy Trading!
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