Trading Strategy Bullish Engulfing

The formation Bullish Engulfing represents combination from tree candlesticks the first two of them are bear candlesticks (decreasing) and the third candlestick is bullish (rising) . In order to fulfill bullish engulfing the last candlestick (bullish) should  swallow with its hole  body the previous candlestick as it’s shown  in Figure 1. It’s preferable for you to use a chart with duration of at least one hour . When you are trading with binary options you can use this strategy for options with one-hour expiry.

Bullish engulfing

This Trading Strategy is provided by Dimitar Petkov

The charts and strategies in this article do not comprise any form of advice or recommendations by to buy, sell (or refraining from making) any trade or investment. It is recommended that you seek independent advice before entering into transactions.