Bearish engulfing bar

FX:EURNZD   Euro / New Zealand Dollar
Bearish engulfing bar on H4 as well as D1 (see link for D1 view

Both sell signals located around areas of value.
Trading the engulfing bar usually offers a strong risk to reward ratio and in this case the provisional target is 3 times that of the risk (and price could fall more after that which will increase the reward substantially against the initial risk...

Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.

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