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TomUnderwood

AUDUSD Weekly - Bullish Engulfing

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
TomUnderwood  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD aussie
3
0
trendanalysis chartpattern audusd aussie
After a week long bull move the AUDUSD has formed a good looking engulfing candle on the weekly for a long trade.

The bullish engulfing coincides with the uptrend after a a significant retracement, presenting a high probability 2.4 RR ratio setup.
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