EURAUD - Bearish Engulfing
Updated
EURAUD has formed a bearish engulfing on the weekly time frame on 10/12/2017 with a strong upper Bollinger Band out-break at a previous high.
RSI divergence on H4 time frame.
Engulfing formed after a bounce off of the strong support level.
Bearish engulfing also formed on the weekly time frame.
SL set above previous highs.
TP set at previous support.
1:5 Risk to reward ratio.
I have entered at the open of the market on 10/13.
My SL is now moved to break-even after a significant drop on 10/13.
RSI divergence on H4 time frame.
Engulfing formed after a bounce off of the strong support level.
Bearish engulfing also formed on the weekly time frame.
SL set above previous highs.
TP set at previous support.
1:5 Risk to reward ratio.
I have entered at the open of the market on 10/13.
My SL is now moved to break-even after a significant drop on 10/13.
Note
Weekly POV: H4 POV:
Trade closed manually
Trade closed for a small profit.
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