How to day trade for a living pdf free
Down candles are red because the close of the candle was lower than the open of the candle. Figure 2 shows an example of a bearish engulfing pattern in the EURUSD. I opt to use the trend and enter during a pullback. While its appearance signifies a sharp short-term change in direction, many of these patterns arent of concern or interest. In a trend, there are impulse waves and corrective waves.