RomanZachary

Bearish Engulfing on GBPNZD daily

FX:GBPNZD   British Pound / New Zealand Dollar
Nison Candle Highlighter identified this daily candle as Bearish Engulfing . Expect significant move down on lower timeframes once price breaks through 61.8 fib level on daily. Now it is fighting that fib. Crucial point.
Yes, bullish engulfing worked out...it was big bullish engulfing candle. The third candle of morning star didnt have much volume and there was no gap up in that morning star that followed bullish engulfing...Still this pair is trending up and the reversal to the top will take place anyway.
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IGNORE THIS SETUP. This bearish engulfing failed to penetrate 68 fibonacci level forming a MORNING STAR today 02.04.18 right after NY closed. Go long instead.
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