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For a bullish engulfing pattern, the first candle in the pattern is a bullish candle, while the second candle opens the trade higher than the day 1 close, but closes lower than the day 1 candle, showing that the momentum has changed. See chart below for example… QUESTION 2: FOR EXAMPLE, ON A BULLISH ENGULFING OR PIERCING PATTERN. 3100 then mibile trailing moves StopLoss to 1.
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