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Engulfing patterns dont have a specific profit target, therefore use a Fibonacci extension or a reward to risk ratio. Stops are placed above the high of a bearish engulfing pattern, or below the low of a bullish engulfing pattern. Hourly tendencies of each hour of the trading day. Posted in Forex Trading, Intro to Trading, Stock Trading. You have said that you normally trade the engulfing patterns before the engulfing candle closes.