Big Bullish & Bearish market:-
August 02,2020
Step1: Check the market every weekend(Weekly chart)
Step2:Look for the candlestick formations (the pair you need to trade)
Engulfing candles ----
➢ Bullish Engulfing Candles:
Closer higher then the open they show high amount of bullish power.
➢ Bearish Engulfing:
Close lower then the they open and they show high amount of bearish power.
Step3: Area of Resistance and support or continuous moment in the case of trends.
Step4: Place your stop at the top & bottom of the engulfing candles.
Step5: Depending on the distance from the entry to the stop. You will determine our risk,thus
the position size.
For eg: 200 pips arises 400$ (your position size,$20000)
Step6: Place your stop entry a few pips above or below the high or low.
Step7: Move to break even after the price has gone 50% of the size in your direction
(100 pips)
Step8: Quick & Safest profit, exist after a 150% move of the size of the candle in your
directon (300 pips)
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