EURAUD - Bearish Engulfing - Weekly
Updated
EURAUD has formed a significant bearish engulfing continuation pattern the week of 7/10/17. Price made new lows the week of 7/17/17. 3 bullish candles before the significant bearish engulfing also confirm this setup. It appears that the pullback of the bearish engulfing is now completed as there is a bearish engulfing on the daily time-frame which I will also post below. The bearish engulfing on the daily time-frame formed after bouncing off a strong down-trending support trend-line. SL set above previous highs. TP set above the gap that has yet to close.
Note
Daily POV: 
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.