February 9, 2023

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Bearish Engulfing Forex Candlestick Patterns

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Bearish Engulfing Forex Candlestick Patterns

The Bearish Engulfing candlestick pattern is a reversal pattern. The pattern has two candles. The first candle is small and bullish. The second candle is long and bearish. In this pattern, the second candle completely covers the first candle. So, it’s called the Bearish Engulfing pattern. #Forex Candlestick Patterns

Forex Candlestick Patterns
Bearish Engulfing Candlestick Pattern

Bearish Engulfing Candlestick Pattern: The pattern forms at the peak of an uptrend. In an uptrend, sellers anticipate a change in trend due to psychological or fundamental reasons. They start pushing the stock prices down to form the second candle. This shows the selling pressure in the market. This suggests a possible change in trend. #Forex Candlestick Patterns

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