All are trend reversing pattern. Suitable for trading withing week time or less.
Engulfing/Piercing pattern :
Bullish –
Entry – when it crosses the latest and previous candle’s highest price.
SL – minimum price among the latest and previous
Bearish :
Entry -lowest among the latest and previous
SL – max among the latest and previous
Morning star / Hammer man
Entry – when it crosses, highest price of DOJI/hammer man
SL – lowest price of DOJI/hammer man
target – Entry + (2 or 1.5 times risk taken) – high target
Evening star/Hanging man
Entry – when it crosses, lowest price of DOJI/hanging man
SL – Highest price of DOJI/hanging man
target – Entry + (2 or 1.5 times risk taken) – high target
