The bears are exhausted, the trend line has been broken and a retest of the immediate support.
A possible bullish engulfing at the minor support level.
A bearish engulfing has formed at a major level, short for long term trade. Good risk to reward ratio.
Please remember to move SL to breakeven when trade move into profit. Place pending oders at the level of the entry.
XAUUSD has just formed a bullish engulfing, pending orders should be placed above the candle that made the bullish engulfing.
Remember to alway move stoploss to break even when trade move into profit.
