Here's one of the reasons why I stopped trading with candlesticks(well I still do trade with doji candles though):
A hammer followed by a bullish engulfing = $$ right? Not this time. Had you traded it that way, you are down by 6% or so in the trade already plus another 6% or so, depending on your position size while waiting for your stop to be hit.
Or maybe, I am doing it all wrong. Perhaps wait for the gap to be filled/position at the gap instead?
I'll toss a coin if I would place a barat bid at 0.036.
