ENGULFING PATTERN BINARY OPTIONS STRATEGY

ENGULFING PATTERN BINARY OPTIONS STRATEGY

Engulfing Pattern Binary Options Strategy is a price action strategy based on the c Engulfing candle pattern.

Engulfing Pattern: is a reversal pattern that can be bearish or bullish,

depending upon whether it appears at the end of an uptrend (bearish engulfing

pattern) or a downtrend (bullish engulfing pattern). The first day is

characterized by a small body, followed by a candle whose body completely

engulfs the previous candle's body.

Makets: Forex ( Currency pairs:any, Indicies (Dax, S&P 500, FTSE, DAX,).

Time Frame 4H.

Expires time: end of the day.

Metatrader Indicators:

Pattern Recognition Master ( setting: Engulfin Pattern),

KDJ indicator.

Trading rules for Engulfing Pattern Binary Options Strategy

Buy Call

Engulfing Pattern (L.E).

KDJ indicator with red line above blue and green lines.

Buy Put

Engulfing Pattern (S.E).

KDJ indicator with red line below blue and green lines.

In the picture Engulfing Pattern Binary Options Strategy in action.