Valid Engulfing Characteristics for Entry

Engulfing candlesticks are often created in forex trading. Historically, often as a trader's reference in showing trend reversals. Basically, the engulfing candle is a pattern consisting of 2 candlestick bars. This scheme is divided into two sides, namely bullish or bearish. Where this pattern can appear is marked by the last candlestick bar swallowing or engulfing the previous candlestick bar. This means that the last candle has a longer body than the previous candle.

In addition, the engulfing candle pattern will be more valid when there is a short tail or no tail. Meanwhile, when the long tail appears, it reflects the uncertainty of the direction of price movements or the tendency for consolidation to occur. For a trending market, this pattern seems to be a sign that a trend reversal or reversal will occur.

This is because many traders assume that the stronger the trend, the higher the probability. Coupled with a greater level of accuracy at higher time frames. So, the higher the time frame, the higher the probability that it will be true.

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