stephenleachman
Education

BEARISH ENGULFING - CANDLE FORMATION (BEARISH REVERSAL)

FX:GBPNZD   British Pound/New Zealand Dollar
103 0 13
Consists of 2 candlesticks . The size of the first one is not important.
The second one should be a large bearish candle the creates a new
high yet closes lower than the first candle.

NOTE:
  • This is only a valid formation when at a key level of resistance.

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