ONE MINUTE STRATEGY ON BILLISH/BEARISH ENGULFING CANDLE

SET UP FOR BUY:

1) A bear candle with a wick on its low and a bull candle engulfing the bear
candle.

2) The set up should appear at strong SnR/supply n demand/trend line.

3)Buy at the close of the engulfing candle(expiry time 1 minute).

SET UP FOR SELL:

1) A bull candle with a wick on its high and a bear candle engulfing the bull
candle.

2) The set up should appear at strong SnR/supply n demand/trend line.

3)Sell at the close of the engulfing candle(expiry time 1 minute).

TIPS:
This method is designed for Binary options trading and it is suitable for All
time frames.
It has been tested on 1& 5 minutes timeframes using Bollinger Bands to find
the trend and SnR. To increase the success of the method, the engulfing
candle should close far enough from the next SnR or middle line of BB to
allow the next candle to fit in. See the above snapshots.
* The engulfing candle should not be too big because it might reduce the
space required for the next candle before reaching SnR.

Designed and compiled by Kabelo Roy Gaosupelwe( The Trader).