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