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Bullish Homing Pigeon

This is a 2 candlestick pattern, and is somewhat similar to the Bullish Harami pattern. A buy is generated when the following conditions occur –

1)The trend is down

2)A bearish red candle appears

3)Following the bearish red candle another bearish red candle appears. However the 2nd bearish red candle looks contained within the previous red candle.

Buy script

Sell script

Additional notes

The sell script is just a place holder to provide an exit for the long trade. The trader is advised to use a more suitable exit strategy.