IQ Option Engulfing Candle OTC Market Trading Strategy

Hello Trader
Welcome to my blog "SAM Trading Tips"
Toady i will share you "IQ Option Engulfing Candle OTC Market Trading Strategy"
Characteristics of Strategy
1. Asset - Any OTC Currency Pair
2. Candle Timeframe - 1 Min
3. Expiry Time - 1 Min
4. Bollinger Band Setting - 10 Period
5. RSI Setting - 9 Period
6. Platform: IQ Option

*About Strategy:

In this strategy i will introduced 2 strategy:

1. Trend continuation strategy
2. Trend reversal strategy

Trend Continuation SELL Trade

1.Trend Continuation Strategy:

In this strategy when you find strong bearish price movement on 1 minutes chart,Candle touch lower Bolinger Band border and RSI is lower below line,At this time Bearish Engulfing candle appear,This is a sign of trend will go more down or continuation of trend.

This is a perfect trend continuation sell trade signal setup.

Same opposite applicable for trend continuation buy trade signal.

Trend Reversal SELL Trade

2.Trend Reversal Strategy:

In this strategy when you find strong bullish price movement (strong uptrend) on 1 minutes chart, Candle touch upper Bolinger Band border and RSI is above upper line, at this time Bearish Engulfing candle appear,This is a sign of trend will reverse now.

This is a perfect trend reversal sell trade signal setup.

Same opposite applicable for trend reversal buy trade signal.

Better Understand live trade watch this Video

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