A bullish engulfing candle closes it shows the first sign of potential reversal towards the upside setting a countertrend trade opportunity. The beauty of this setup is the ABCD pattern completes within the range of the bullish crab pattern.
Traders can consider waiting for a retest of previous low for a better Reward: Risk as a trading opportunity.
I made a breakdown as well for EU, this is what I have
MikulovicFOREX
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Nice chart. I noticed the same pattern, but there appears to be a bearish shark on a lower dimension. Maybe waiting for the re-test would be the best choice: