Sentences with phrase «previous bullish candle»

Pending orders for buy can be placed above the high of the previous bullish candle.

Not exact matches

You could enter the trade when and if the new candle (the candle after the bullish piercing pattern) breaks the high of the previous candle.

To be a valid signal, the range of the bullish engulfing candle must completely engulf the previous candle's range

This reversal pattern is either bearish or bullish depending on the previous candles.

If you see previous candles are bullish, you can anticipate the next one near the underneath of the body low will trigger a short / sell signal when the doji lows break.

I'm defining a bullish engulfing candlestick pattern as one in which the bullish real body of a candle engulfs the bearish real body of the previous candle.

Alternatively, if the previous candles are bearish then the doji will probably form a bullish reversal.

The previous day's bullish outside day candle adds credence to Friday's bullish hammer candle and suggests BCH will likely see an upside break of the bull flag pattern (seen in 1 - hour chart) and move towards the falling channel resistance of $ 1,200.