Thanks Winston, I get it now. I'm still trying to get used to the price action candle stick pattern.

(binned per thread starter’s request) The Engulf Method

Hui Winston, This is a weekly chart of GBP/JPY. What do you think?

(binned per thread starter’s request) The Engulf Method

The weekly candles are headed south. A doji has formed. The daily chart has a long tailed bullish pin bar. I think one may either buy at a close above this candle, or to maximize profit and reduce risk, one might place a limit order at and wait for ...

(binned per thread starter’s request) The Engulf Method

What pair is this?

(binned per thread starter’s request) The Engulf Method

Thanks for the explanation. I'll continue to follow this thread.

(binned per thread starter’s request) The Engulf Method

Do the daily bars represent the highlighted weekly bar or the pin bar next to it? I ask this because the pin bar adjacent has a high higher than the highlighted weekly bar and a close similar to the highlighted bar. Yet the daily bars do not appear ...

(binned per thread starter’s request) The Engulf Method