Most profitable Bullish Bearish Engulfing Candle Stick Indicator

Most profitable Bullish Bearish Engulfing Candle Stick Indicator

In this article, I’m going to show you that I found the best bullish bearish engulfing Candlestick pattern indicator that automatically plot signals on your chart or based on the candle so if you write bullish and bearing and engulfing patterns on trading view then this indicator will come by Alfonso Mourinho 2441 Traders are using it and it auto detects those patterns right so if I click this indicator this indicator is uh interesting and widely used by the Traders because uh those who are work on the Candlestick patterns then this is kind of a beautiful stuff for them first of all it’s Important that we go into the settings of this indicator so for the bully signal we have set up the green color┬ábut for the berry signal if you look at here the reds are not very much clear and we are confused between
the normal candles and the red ones so that’s why I’m going to advise to give it a yellow type color so that it should look prominent on your screen now we have a very clear message from the indicator that

Bullish Bearish Engulfing Candle Stick Indicator

Most profitable Bullish Bearish Engulfing Candle Stick Indicator

Greens are for the bullish and the the the one with the yellow lines are with for the bearish ones right now we can use this indicator quite powerfully but with the proper take care because it’s not a buy sell signal indicator properly that you can follow like Auto buy and sell but it gives buy and sell but you need to be you use it in a great way okay so for example if I use the moving average here EMA and I’m going to give it a white
color and here in that Case we definitely need the 200 period moving average and then going into the Styles section and let’s improve the thickness of this line so our trading setup is now completely ready to trade okay so it means that whenever you are into the uptrend so the bullish candles will appear and the bearish candles will appear because
this uh pattern is a mixture of the both candles so why don’t we if we decide to trade with the trend So that we can stay our self profitability okay we can stay profitable so for example look at here the yellow kind of

Most profitable Bullish Bearish Engulfing Candle Stick Indicator

candle appeared below the 200 EMA it’s down again appeared it’s done again appears down it means that you are getting a lot of scalping chances by using this indicator right so keep on ignoring the green ones when you are below the 200 EMA and then you can see the yellows are working very nice so let me see other charts so Similar same example you can see on every yellow candle we have seen that the price is pushed down again the price
pushed down again the price pushed down so it means that 200 EMA message is very good so let’s see how it’s performing on gold now this is very good stuff that above the 200 EMA you have seen that uh that this is the yellow for cell definitely you will not take that one because the trend is up so you will Consider this green one that from here it means that that was the previous powerful signal by this indicator to go long on this pair so again long and a good scalping chance again green and

Most profitable Bullish Bearish Engulfing Candle Stick Indicator

again up so it means that this indicator is quite crazy in terms of profits look on USD JPY five minute engulfing candle price down and engulfing again down so look at the recent result engulfing again down it Means that this is quite powerful yes one more thing when it is going to detect any pattern like for example on the screen for example let’s say we are here so the if the candle is turning yellow it doesn’t mean that you are going
to Simply go and place your sell trades always wait for the candle to get a close so that this color get fixed otherwise you will call it a repainting so do not do not take a signal before it it gets fixed always wait for the fix of The signal and then you can trade it so overall this is one of the powerful strategies.

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