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A very simple method for exiting the big shadow is to simply place a take-profit target at the nearest zone. I exited the trade on the close of this engulfing candle and booked pips. The big shadow trade strategy has more rules for an entry as compared to the standard engulfing candle strategy, therefore making the entries with a much higher probability of closing a profitable trade. What is a Bullish Big Shadow Pattern? The second candlestick is a bearish candlestick. As a result, I placed a buy entry above the big shadow candle, stop big shadow forex 20 pips below which actually almost got hit and I was lucky there, since I should have placed it at least 30 pips lower and the slide in oil and loonie continued like clockwork. If you see open space to forex market reforms in india left, then perhaps the set-up will capture a critical turning point in the market. Past performance, whether actual or hypothetical, is not necessarily indicative of future results. The second candlestick has a Higher High and a Lower Low than the first candlestick.



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