EURUSD 1.1854 USDJPY 111.63 USDCAD 1.2373 EURCZK 26.028 USDCZK 21.954 EURPLN 4.2728 USDPLN 3.6047
EURUSD 1.1854 USDJPY 111.63 USDCAD 1.2373 EURCZK 26.028 USDCZK 21.954 EURPLN 4.2728 USDPLN 3.6047

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Formation occurs during a rising trend, indicating its possible reversal

Rule of thumb

Ensure that the body of the falling candle covers the body of the rising candle

Chart type: Candlestick

Applies to: Reversal

Significance: High

 

The Bearish Engulfing Pattern is a formation of the candlestick chart, which is the exact opposite of the Bullish Engulfing Pattern.

 

Bullish engulfing pattern

 

It occurs in an upward trend, and is also considered to indicate a possible trend reversal. It is represented by a rising candle with the body (white or blue  – depending on individual settings) smaller than the body of the next, falling candle (black, red, or empty). A key element of this formation is the fact that the body of the second candle covers the body of the first one.

 

How to use it with MetaTrader 5:

  • Select the candlestick chart with the Candlesticks button.
  • Look for a considerable upward trend.
  • Look for a rising candle, where its body (white or blue) is smaller than the body of the next falling candle (red, black or empty). 

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