Engulfing at previous support
Updated
Hi traders,
here we have a chance to get involved short on AUDUSD. We are sitting at a previous resistance level and we expect the market to react someway.
The short signal comes from the engulfing candle on the 4hr chart.
We also have RSI gone overbought recently and a cypher pattern completing right there.
So those are my levels:
Entry: 0,7677s
Stop Loss: 0,7719s
Target1: 0,7635s
Target2: to be evaluated
Hope you enjoy!
See you!
here we have a chance to get involved short on AUDUSD. We are sitting at a previous resistance level and we expect the market to react someway.
The short signal comes from the engulfing candle on the 4hr chart.
We also have RSI gone overbought recently and a cypher pattern completing right there.
So those are my levels:
Entry: 0,7677s
Stop Loss: 0,7719s
Target1: 0,7635s
Target2: to be evaluated
Hope you enjoy!
See you!
Trade closed: stop reached
Unfortunately news event came right against us and stopped us out
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