BULLISH ENGULFING BAR AT SUPPORT Long

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Sep 24, 2014 5:43 AM

1. Long bullish move starting early july made a false break of key resistance at 1.1200
2. Price retraced back 50% to key support 1.0900
3. Price has made a bullish engulfing bar here.
4. Risk 1, Reward 3.