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How To Trade The Bullish Engulfing Candlestick Pattern
Are you tired of entering trades too late? 

If so, learn to trade the bullish engulfing candlestick pattern and use the three upgrades below to get more winning trades when trading this powerful pattern. 
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The bullish engulfing candle is one of the best candlestick patterns, a pattern I use every day. When you also use the three upgrades, you can use it to find more winning trades.
What Is The Best Candlestick Patterns Bullish Engulfing Candle For Beginners explained with examples
The first thing you need for a the bullish engulfing candle is a downtrend and at the bottom you want a bearish candle. You then want a bullish candle that opens at or below the previous close, and closes at or above the previous open. 

You also want the close to be near the high of the candle, so no tails on the upside. 

After the close, you can then expect a you move higher showing you that the bulls are in control.

Let's look at a real chart example...
When To Trade The Best Candlestick Patterns Bullish Engulfing Candle For Beginners explained with examples
In the red circle you can see a bullish engulfing pattern and as we talked about you first have a downtrend and a bearish candle at the bottom. 

You then have an open of the bullish candle at or below the previous close, and a close at or above the previous open. You can see here we close above the previous candle.

We go from a move down, forming the the bullish engulfing, and then a move up.

There are more ways to read candlestick charts, keeping it simple is most often the best way.

Now, I want to show you three upgrades you can use to get more winning trades using the bullish engulfing candle.
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How To Trade The Best Candlestick Patterns Bullish Engulfing Candle For Beginners explained with examples
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The first upgrade you want to look for is to always trade in the direction of the trend,  you can see at the left of the chart that we start low and we continue higher. We're making higher highs.

If you trade the bullish engulfing candle in the direction of the trend you're basically taking entries in a retrace (a minor trend in the opposite direction of the big picture trend).
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The second upgrade you want to look for when trading the bullish engulfing candle is support, you can see in the chart we have a previous low right at the level we're the bullish engulfing candle appears. This is a support level that increase the probability of a successful trade.
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The third upgrade you want to look for is round numbers, you can see in the chart you have the bullish engulfing candle right at the 1200.00 level. Round numbers are something that's really really powerful and something you should absolutely trade.

Now, I'd love to hear from you...

Are you going to use this pattern and these upgrades?

Leave a comment on the video and I'll be sure to follow up with you! 
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Johan Nordstrom Professional Trader Risk Management
I'm a family guy in my late 20's who learned how to trade the markets in a simple yet effective way. During university I studied investing and graduated with a master's degree in risk management. Quickly, I realized that I was onto something. I started helping friends and taking students. My students started getting results, spent less time in front of their screens, and their accounts grew consistently. Learn more about me here.
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