Engulfing pattern on pullback to broken bearish trend line
Updated
Buy signal
1. Support level
2. 50% of retracement of last bullish move
3. pullback on broken bearish trend line
4. Engulfing candle in pullback to broken bearish trend line
Buy at 50% retracement of engulfing candle = 1.5153
SL at below of engulfing candle = 1.5075
TP1 = 1.535
TP2 = 1.558
1. Support level
2. 50% of retracement of last bullish move
3. pullback on broken bearish trend line
4. Engulfing candle in pullback to broken bearish trend line
Buy at 50% retracement of engulfing candle = 1.5153
SL at below of engulfing candle = 1.5075
TP1 = 1.535
TP2 = 1.558
Trade closed: stop reached
Oh no. Stop hunting :(
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