EURGBP - IN TREND ENGULFING SHORT SETUP ON 4H
EURGBP has formed a strong bearish engulfing in the direction of the long term trend.
The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend.
SL is placed at engulfing body high, TP1 is set at 2X the risk. Might hold this trade for a while if price closes below resistance.
The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend.
SL is placed at engulfing body high, TP1 is set at 2X the risk. Might hold this trade for a while if price closes below resistance.
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