Daily rejection candle which followed by a bullish engulfing candle sign a move higher potential on this pair. This bias also supported by rejection candle that formed on the weekly timeframe .
Entry: Current price (Agressive) / Wait for a confirmation on a lower timeframe (Conservative) Stop: Below the bullish engulfing candle Target: First blue line
"Losing is an inseparable part of trading. Do your risk calculation properly!!!"
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.