EURAUD - IN TREND ENGULFING SHORT SETUP 4H
EURAUD has formed a strong bearish engulfing in the direction of the long term trend.
The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend.
SL is placed at engulfing candle body high, TP1 is set at 2X the risk.
The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend.
SL is placed at engulfing candle body high, TP1 is set at 2X the risk.
Related publications
Disclaimer
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.