Bearish Engulfing Retest This Week
Price came back to a weekly level and rejected it once again. this time, it created a bearish engulfing to end the week. So this week I am looking for a retest of this bearish engulfing That happens to be on the daily timeframe.
Also on the daily, you could see that it formed a bearish harmonic. So I am expecting this to be heavily respected. This could be an indication that we are breaking a range that has occurred for several weeks now that is also seeing clearly on a daily timeframe.
So, this can possibly signal a major breakout swing trade for the short starting this week. But first, let's wait for the pullback to be completed first before we take the swing sell. This has been a fun pair to trade for all of April. Can't wait to enjoy more this month.
BULL TPS:
• 151.328
• 151.633
• 152.091
• 152.459
BEAR TPS:
• 150.834
• 150.359
• 149.833
Also on the daily, you could see that it formed a bearish harmonic. So I am expecting this to be heavily respected. This could be an indication that we are breaking a range that has occurred for several weeks now that is also seeing clearly on a daily timeframe.
So, this can possibly signal a major breakout swing trade for the short starting this week. But first, let's wait for the pullback to be completed first before we take the swing sell. This has been a fun pair to trade for all of April. Can't wait to enjoy more this month.
BULL TPS:
• 151.328
• 151.633
• 152.091
• 152.459
BEAR TPS:
• 150.834
• 150.359
• 149.833
Trade active:
BULL TPS 1&2 were hit before the drop all the way to BEAR TP1.
Trade is not complete until all BULLS or BEARS TPS have been hit.
Trade is not complete until all BULLS or BEARS TPS have been hit.