Forex binary options trading terms
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.
In the case of an uptrend, the bullish engulfing pattern signals that the selling which occurs on a pullback is over, and the buying is resuming. The trend doesnt always resume right away, we may simply get a small push in the trending direction before the pullback resumes.