EURUSD Long Engulfing Candle 50% Retrace Open to 162% Fib TP Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 2, 2020 8:50 AM

Trend continuation following period of retracement, large engulfing candle does not provide sufficient risk to reward ratio 1:3 hence open if price retraces to 50% of the engulfing candle. Take profit is 162% Fibonacci extension.

Comments

bamzuki

⋅ Jun 3, 2020 6:02 AM

Noice