two simple money making machines!
These two candle patterns can make you a lot of money, easily on any timeframe and any chart.
No. 1: the engulfed candle
in a trend, you see a reverse candle, engulfing the previous candle (full body and better if even the shadow) - image one and two above
No. 2:
3 or more reversal candles - one rejection candle and next one or more candles engulfs the first candle.
this technique for finding reversals can be used in divergence strategy as a strong confirmation too. or it can be used as a price action method of trading.
I have made this video (in Persian, but still can be understood by everyone) about the entering points and TP/SL:
Leave two simple money making machines! to:
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