Feedback

Forex Glossary

Engulfing Pattern

A bullish engulfing pattern has a black candle followed by a white candle, indicating a wide range with with a higher close. The body of the second candle totally encompasses the body of the first candle. The bearish pattern is the inverse.

Engulfing patterns are considered exceptionally strong signals of price change.


Related Terms


Network Activity

  • photo
    Viktor commented a photo 4 minutes ago
    Window Shopping on the EU
    started to base my trades on smaller TF after your advice, so sell was placed at 2934, will place break even and wait a bit your trading style rocks :... read more
  • photo
    Peter jcp commented a photo 10 minutes ago
    Window Shopping on the EU
    Hi Victor - yes would agree with you atm - but be careful with news in approx 10 mins or so and a lot of minor  ( messy) supports between 2922 and 290... read more
  • photo
    Max commented a blog post 15 minutes ago
    "Bought ucad 9995, looking for 1.03"
    Well, hanging around my initial target of 300 and profited from several repeats up to here. Now though it is a bit exhausted and I prefere to stay sid... read more
  • photo
    Viktor commented a photo 15 minutes ago
    Window Shopping on the EU
    head and shoulders on 5 min, going down, 1.294 no close above on 1 hour TF read more
  • photo
    Brian Twomey commented a blog post 17 minutes ago
    Inside the Currency Market: Signal, Noise and Range Prices
    Hi Max, Jason, I'll update Aussie and NZD in a few minutes as the numbers are released at 8:15 read more