Trade hit my trailing stop loss. Closed with profit.
This update mentions the “bullish engulfing pattern” Here some info about what the heck that thing is:
Characteristics of a bullish engulfing pattern:
- Strong green candle that ‘engulfs’ the prior red candle body (disregard the wicks)
- Occurs at the bottom of a downward trend
- Stronger signals are provided when the red candle is a doji, or when subsequent candles close above the high of the bullish candle.
What does it tell traders?
- Trend reversal to the upside (bullish reversal)
- Selling pressure losing momentum at this key level.
Source: https://www.dailyfx.com/education/candlestick-patterns/bullish-engulfing.html
Open of trade.
Liberate the Pips 