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FedericoSellitti

EURUSD bullish engulfing pattern on a rejection level

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
FedericoSellitti Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD EUR USD swingtrading Support and Resistance breakout rejection Bullish Engulfing
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trendanalysis chartpattern indicator eurusd eur usd swingtrading supportandresistance breakout rejection bullishengulfing
EURUSD broke an important level of resistance this morning. The price is testing the same level and buyers reacted forming a strong bullish engulfing pattern right on the previous level of resistance. Easy setup with this trade, with a standard stop loss below the candlestick pattern and take profit above the previous swing high.
Trade closed: stop reached:
Stop loss reached
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