how to trade and place forex signals by Piercing 

how to trade and place forex signals by Piercing

Piercing Pattern is BULLISH REVERSAL
1. Two candle pattern
2. The first candle has a filled real body, in line
with the downtrend
3. The market gaps lower on the open of the
second candle
4. The second candle has an open real body
5. The second candle’s body closes ‘well into’ the
real body of the first, ie, above the halfway
mark of the first candle’s real body
6. The market is in a downtrend

You can see these are a similar set of rules to the Dark Cloud Cover reversal, but turned
on their head – this time it’s a bullish pattern in a downtrending market because the bulls come storming back to life on the second day, and take back a good chunk of the losses seen in the previous session.
This all came on the back of a pretty shoddy start to proceedings on the second day. After the first candle, and on the open of the second candle, the bears were by far the happier group, and were dominating things. But then the market experienced strong buying which was sustained into the close, and an open bodied candle was posted.
If on the second session the bulls had kept up the good work and taken us above the open
from the first day, and if these gains were sustained into the close a Bullish Engulfing
Pattern would have been posted.
find that a particular pattern works well on your charts to get accurate forex signals

Piercing Pattern and the entry point of forex trading signals
A Piercing Pattern is two candlesticks, the first having a filled real body which is
in line with the bearish conditions at the time. A candlestick with an open real body
is then posted the next day, closing well into the red real body of the first candle.
My personal experience is that Piercing Patterns are so few and far between that I
always get a bit of a jolt when I see one. Once again this pattern’s formation relies
upon the second candle’s close being well into the filled real body of the candle
before it; our Marabuzo line comes into play once more, as a close below the
Marabuzo line would mean no Piercing Pattern. This in itself can make these levels
an important reference