STRATEGY USING CANDLESTICK BULLISH ENGULFING IN TRADE IN 2019 OLYMP TRADE

Hello friends, welcome back to this simple blog, on this occasion I will give
trading strategy at 2019 trade Olympics, using CANDLESTICK BULLISH ENGULFING.
But beforehand for those of you who don't have an OLYMP TRADE account, you can register here (Olymp Trade — online trading platform) to get a bonus in the first deposit,and the balance will automatically enter your account after making a deposit, and it's free.

STRATEGY USING CANDLESTICK BULLISH ENGULFING IN TRADE IN 2019 OLYMP TRADE
The following is the pattern and candlestick strategy that you can rely on in the Olympic trade, of course it will be very easy to make a profit.

How to recognize Bullish Engulfing Candlestick Patterns
This Bullish Engulfing candlestick pattern usually often appears at the end of the Donward trend.
Why does this trend often appear at the end of the trend trend? because the trend is used to reach bottom prices.

You can see the picture above, the small red chandle (first chandle) that price falls at the end of the trend and the decline is no longer dramatic.Then for chandle, which is green shows the length and magnitude, that means the strength of the trend pushes the price up.

Meaning of the Bullish Engulfing candlestick pattern
At the end of the downward trend, the seller has sold all of his products. Therefore, the price only drops a little then the small candlestick appears.
At the beginning of the next candlestick, the price immediately goes up, "engulfing" the last red chandle with a long green candlestick.
We can see the picture above, this is a strong demand that buyers force into the market, for this reason,the price goes up. This is also the strength that makes the market reverse from downward (down) to upward (above).
Use the Bullish Engulfing candlestick pattern
We need to remember:
This chandle pattern marks the reversal of the downward trend to the upward trend. This means that when the Bullish Engulfing Pattern appears, you should only do the UP trade option.

But for those of you who like short-term options, you can observe chandlesticks in one minute duration.
And trade in up options in 5 minutes when you reach the Bullish Engulfing candlestick pattern.

If you prefer long-term options, you can also observe a longer time-span graph, for example: 10 minutes or 30 minutes.
When the pattern appears, you should buy options in a longer period of time so that your probability of victory is higher.

You can try it on the OLMP TRADE demo account.
STRATEGY USING CANDLESTICK BULLISH ENGULFING IN TRADE IN 2019 OLYMP TRADE STRATEGY USING CANDLESTICK BULLISH ENGULFING IN TRADE IN 2019 OLYMP TRADE Reviewed by TRADING TRICK on June 23, 2019 Rating: 5

Post AD