New traders get confused looking at the different candlestick patterns. They find it difficult to identify the pattern correctly. Watch the 2 videos below that explains a new and simple method to use candlesticks in your trading. The first video explains the bullish engulfing pattern. It explains in detail how to correctly identify this patterns. It also shows when this pattern appears expect next 2-5 bars to be bullish.
This is the second video that further the engulfing pattern. This time it is the bearish engulfing pattern. When a bearish engulfing pattern appears it means the next 2-5 bars will go down. This pattern is used by binary options traders frequently in making the put/call decision. This pattern works on all timeframes. This pattern is a great directional tool.