AUDNZD - Bearish Engulfing

By justinholtgrave
Updated
AUDNZD has formed a very strong bearish engulfing trade setup on the daily timeframe. A downtrending support line, a very strong Bollinger Band outbreak, and a significant engulfing candlestick confirm this setup. SL set above previous highs, TP set at previous lows.
Comment
SL moved to break-even. Currently 142 pips in profit.
Comment
Currently +132 pips in profit. Price pulled back and formed another bearish engulfing as expected.
Trade closed manually
Trade closed at break-even. +- 0 pips.
Chart PatternsTrend AnalysisWave Analysis

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