themikewwfx
Short

Bearish Engulfing Candle Breakout

FX_IDC:EURGBP   Euro / British Pound
A strong break of the 25 SMA and phase line with a bearish engulfing candle like this is a big part of the set ups i use in my system. It tends to be a good signal of a retracement coming. Not necessarily a full on trend change, but enough room for a quick few pips.
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