Bullish Engulfing Candlesticks Patterns Lesson - Bullish Candle Patterns

Engulfing Candles - Bearish Engulfing Candle in an Uptrend - Bullish Engulfing Candle in an Downtrend

Engulfing Candlestick Pattern is a reversal candle pattern which can be bearish or bullish depending upon whether it appears at the end of a forex downtrend or at the end of a forex uptrend.

Bullish Engulfing Candlestick Pattern - Bearish Engulfing Candle Pattern

Bearish Engulfing Candle in an Uptrend - Bullish Engulfing Candle in an Downtrend

Color of the first candlestick indicates trend of the day.

The second candle stick should completely engulf the first candlestick and it should have opposite color.

For Bullish Engulfing the color of the candlestick should be Blue

For Bearish Engulfing the color of the candlestick should be Red

Bearish Engulfing Candle in an Uptrend - Bullish Engulfing Candle in an Downtrend

Morning Star Candles, Evening Star Candlesticks and Engulfing Candlesticks Patterns

Morning Star Forex Candle

Morning Star Candlestick Pattern

Technical Analysis of Morning Star Forex Trading Pattern

Morning star is a 3 day bullish reversal candlestick pattern.

First day is a long black candlestick.

Second day is a morning star that gaps away from the long black candle.

Third day is a long white candle which fills the gap.

Filling of the gap & closing of the white candlestick above the gap is a strong bullish Forex signal.

Forex traders should open a buy trade after market price closes above the gap formation of the morning star candle stick pattern. This is the confirmation signal of a buy signal generated by this candle sticks pattern.

Evening Star FX Candlestick

Opposite of the morning star

Evening Star Candlestick Pattern

Technical Analysis of Evening Star Candle Pattern

Evening star is a 3 day bearish reversal candlestick pattern.

First day is a long white candlestick.

The second day is the evening star which gaps away from long white candlestick.

Third day is a long black candlestick which fills the gap.

Filling of the gap & closing of the black candle below the gap is a strong bearish Forex signal.

Traders should open a sell trade once the market closes below the gap formation of evening star candlestick pattern. This is the confirmation trading signal of a sell signal generated by this candle pattern.