Get started
themikewwfx

EUR/USD - Strong Bearish Engulfing Candle Signaling Breakout

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
themikewwfx  
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD short Bearish Engulfing nakedforex nakedtrading Support and Resistance price priceaction consolidation bearishsentiment
1
0
eurusd short bearishengulfing nakedforex nakedtrading supportandresistance price priceaction consolidation bearishsentiment
A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this conservatively considering we are currently range bound in the big picture
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.