BULLISH ENGULFING PATTERN - LONG Long

Euro Fx/British PoundFXCM

Description

⋅ Oct 13, 2018 7:41 AM

For Oct 15 - 19
Capitulation pattern occurs at exactly three-fourths (3/4) of its retracement. Triggers a LONG trade for EURGBP

Comments

cjlakha

⋅ Oct 13, 2018 9:50 AM

do you think this pattern will continue and break the previous high of eurgbp?

bishopblue

⋅ Oct 13, 2018 10:06 AM

@cjlakha,
Price must first break the 618 of the previous high and current low

cjlakha

⋅ Oct 13, 2018 10:09 AM

@bishopblue,
Thanks for the help

bishopblue

⋅ Oct 13, 2018 10:11 AM

@cjlakha,
Welcome...
Dont hesitate to PM me if you are in doubt with the currencies you want to trade. As always trade at your own risk.