Binary Signal Pattern 13

Binary Signal Pattern 13

In the above picture the reversal candlestick looks like the Bullish Engulfing. It has Upper and lower tails therefore it acts as a Bullish Engulfing. The bullish engulfing candle is one of the best candlestick patterns for forex trading The Bullish Engulfing Pattern consists of two candlesticks; the first day candle is red/black and the second day is green/white. The green body must be totally engulf the body of the first day. After a decline, the second green candle begins to form when selling pressure causes the security to open below the previous day close. Buyers step in after the open and push prices above the previous day open. Generally, the larger the green candlestick, the more bullish the reversal.