Bearish Engulfing with EMA (for short trades)
The strategy is an improvisation over the regular Bearish Engulfing pattern. A sell signal is generated when the following two conditions concur
1)A crossover between 21 and 9 day EMA
2)A green candle is engulfed by the next day’s red candle
A buy signal is generated when the crossover occurs again, indicating the downtrend could be waning.