Forex engulfing strategy
In order for you to trade this forex strategyyou need to know what an outside bar pattern looks like. The outside bar is a two bar or candlestick pattern.
The outside bar or candlestick is a candlestick that has its shadows engulf the bar candlestick before it. Now, the outside bar has other names too. It can be also called a bullish engulfing or bearish engulfing candlestick pattern.
Refer to the chart below on how to trade the outside bar forex trading strategy:. The chart above, show the trade setup for a buy order. For a sell setup, it will be the exact opposite.
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Outside Bar Forex Trading Strategy
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