Tag: market outwit

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Forex robot reviews

Outwit the Market: BB Engulfing Bar v2 for FX Trading

Post Author By Penny Grimes
Post Date September 17, 2023

5 min read

The BB Engulfing Bar V2 Forex indicator is a powerful tool that traders can utilize to decipher potential reversal points in the Forex market. It’s comprised of two exponential moving averages, which compare current price levels to the range of recent price action. When the larger EMA closes above or below the range of recent price action, a trend reversal signal is generated. This signal is further confirmed by a large bullish or bearish candle that completely engulfs the previous bar. The BB Engulfing Bar V2 indicator is an extremely useful tool for both short-term scalpers and swing traders who want to find profitable entry points in the Forex market.