Weekly Bullish engulfing bar setup
Updated
-Falling trend line broken, price is currently retesting key level support & the broken trend line.
-On the weekly chart, a bullish engulfing bar formed indicating sign of buyers getting in to at the level
-Took a Long trade as a Hourly bullish pin bar formed around the confluence zone
-1.92 Risk to reward ratio on this trade.
-On the weekly chart, a bullish engulfing bar formed indicating sign of buyers getting in to at the level
-Took a Long trade as a Hourly bullish pin bar formed around the confluence zone
-1.92 Risk to reward ratio on this trade.
Trade closed: stop reached
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.