GBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame.
ECB President Lagarde speech @7am helped form this setup.
SL set above engulfing candle body high. TP set at 2X risk.
ECB President Lagarde speech @7am helped form this setup.
SL set above engulfing candle body high. TP set at 2X risk.
Note
I am eliminating Tuesday setups as they have a low win rate.Wednesday and Friday setups have a higher win rate.
Trade closed: stop reached
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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.