The most practical and widely used way to trade these bars is to simply place a pending entry order a few pips above the high of a bullish engulfing bar and a few pips below the low of a bearish engulfing bar. The safest position for a stop loss is a few pips above the opposite end of the bar.
	
		
			
		
		
	
				
			 
	 
  
  
 
		 
 
		 
 
		 
 
		 
 
		 
 
		