The Engulfing Trader PDF
Engulfing Candlesticks Pattern
Engulfing Candlesticks Pattern is a reversal candlesticks pattern which can be bearish or bullish depending upon whether it shows up at the end of a xauusd downward trend or at the end of a xauusd upward trend.
Bullish Engulfing Candlesticks Pattern - Bearish Engulfing Candles Pattern
XAUUSD Technical Analysis of
The color of the first xauusd candlestick indicates the xauusd trend of the day.
The second xauusd candlestick should completely engulf the first gold candlestick & it should have the opposite color.
For Bullish Engulfing the color of the xauusd candlesticks should be Blue
For Bearish Engulfing the color of the xauusd candlesticks should be Red
Engulfing XAUUSD Candle Trading Strategy - The Engulfing Trader PDF - Bullish XAUUSD Candlesticks Patterns PDF - Types of Engulfing XAUUSD Candle Indicator Patterns
Evening Star Candlesticks Pattern
Morning Star XAUUSD Candle
Morning Star XAUUSD Candlestick
Gold Technical Analysis of Morning Star Pattern
Morning star is a 3 day bullish reversal candles pattern.
First day is a long black xauusd candlestick.
Second day is a morning star that gaps away from the long black xauusd candlestick.
Third day is a long white xauusd candles that fills the gap.
Filling of the gap and closing of the white xauusd candlesticks above the gap is a strong bullish gold trade signal.
Traders should open a buy xauusd trade after market gold price closes above the gap formation of the morning star candle stick pattern. This is the confirmation trading signal of a buy signal generated by this gold candlesticks pattern.
Evening Star XAUUSD Candle
Opposite of the morning star
Evening Star XAUUSD Candlestick
XAUUSD Analysis of Evening Star Candlesticks Pattern
Evening star is a 3 day bearish reversal candlesticks pattern.
The first day is a long white xauusd candlestick.
Second day is the evening star which gaps away from long white candle-stick.
Third day is a long black xauusd candles that fills the gap.
Filling of the gap & closing of the black xauusd candlesticks below the gap is a strong bearish gold trade signal.
Traders should open a sell xauusd trade once the xauusd market closes below the gap formation of evening star candle pattern. This is the confirmation trading signal of a sell signal generated by this gold candlesticks pattern.
