Piercing and dark cloud cover in forex trading The “piercing | Forex Trading Experts 📊 HYCM

Piercing and dark cloud cover in forex trading

The “piercing pattern” and “dark cloud cover” are two-candle reversal patterns that can be seen in Japanese candlestick charts and they appear often in the currency market. The pattern resembles bullish or bearish engulfing patterns, but with some differences in the second candle of the pattern.

The piercing pattern is a bullish signal appearing at the end of a bearish trend. The first candle in the pattern doesn’t provide information about what follows. Instead, it is a strong, bearish candle, with a red real body that enforces the underlying trend.

Read the full article in our blog: https://blog.hycmlab.com/piercing-and-dark-cloud-cover-in-forex-trading/
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