consuming candles and a moving average sets buy in point


A shift in market direction may be signaled by a consuming (engulfing) candle. To initiate a trade, consider using the engulfing candle as a setup and confirming the move with a moving average crossover. A logical stop loss placement is just below the engulfing candle’s low. As the trade progresses, trailing your stop loss beneath each subsequent candle allows you to lock in profits. This strategy helps maximize gains while minimizing potential losses, offering a disciplined approach to trade management.







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