We have treated how to use the bullish engulfing candlestick pattern.

I will show you how combining the RSI (Relative Strength Index) indicator with it can boost your trading.

RSI supported by a Candlestick pattern can influence your entry if identified correctly.

Combining the bullish engulfing candle with the RSI above 30 would have a higher probability of entering a long position.

Using this combination of indicators such as these can increase the confidence level of a trader when taking a position.

In the picture above, you will notice the movement of the RSI below the 30 level before forming the bullish engulfing candlestick pattern.

After the formation, follow the reverse movement of the RSI above the 30 level and the market trend.

This order is not always the case, but sometimes, when noticed, it can help boost confidence in an entry position.

Notice the reversal of the trend after the bullish engulfing candlestick pattern, which caused an uptrend with higher lows as confirmation?

Conclusion:

This awesome trade setup will increase your confidence in taking a trade.

However, it seldom happens this way and should not be taken as a yardstick for trend reversal signals.