Directional Trading Plan Using Engulfing Candles

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When price has made a decision, it is your job to now look for the price action / patterns that coincides with the decision and then look for entry signals in the direction.

When an engulfing was created on a directional timeframe, this engulfing will signal either a decision for price to move in that direction, usually when consolidation on a lower timeframe coincides, or this can be a rounded retest and therefore price will explode in the opposite direction, or this is the start of that timeframes consolidation which means there will be a few more back and fourth / reverse engulfing before price starts to breakout in a specific direction.

Try to identify what it is that is happening to prevent draw downs, loss of capital or avoiding being trapped trading in the wrong direction

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