This two candlestick pattern occurs after a downtrend and is formed by one bearish candlestick (which is covered) and one bullish candlestick (which does the covering).
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To โengulfโ means to sweep over something, to surround it, or to cover it completely.
The Bullish Engulfing pattern features one candlestick covering (or engulfing) another.
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Any asset that can be traded as a future can be quoted as a spot price.
Forex trades can use spot prices, as deliveries of currency usually take place 48 hours after a trade has executed.
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A margin call can mean that the trader has to put up additional funds to balance the account, or close positions to reduce the maintenance margin required.
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Financial instruments can be cash-based or derivatives based. Examples include loans, deposits, bonds, stocks, stock options and futures, spot forex, currency futures, interest rate swaps, and currency swaps.
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The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies.
Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.
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It serves as a key indicator of consumer spending, which makes up a significant portion of the countryโs GDP.
Retail sales are a crucial component of the U.S. economy, offering insights into consumer spending patterns and overall economic health.
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A bear market is a market in which prices are noticeably declining.
When the market is on a sustained downward trajectory, with little optimism or lots of pessimism from traders to bring about a rally, it is referred to as a bear market. #ForexTrading#TradingStrategies