Countertrend: a bullish daily engulfing setting up
As expected in
this pair continues to head south.
Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside.
On lower timeframe (4h) a double bottom already completed with bullish RSI divergence.
This could trigger a nice countertrend long trade before looking to a continuation downside (to the weekly resistance level).
Wait and see completion of daily candle to get involved long.
Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside.
On lower timeframe (4h) a double bottom already completed with bullish RSI divergence.
This could trigger a nice countertrend long trade before looking to a continuation downside (to the weekly resistance level).
Wait and see completion of daily candle to get involved long.
