1. EURUSD is in a 'Consolidation Channel'
2. Formed a 'Bearish Engulfing Candle' right at the 'Resistance' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to shore EURUSD at the open of the market
2. Formed a 'Bearish Engulfing Candle' right at the 'Resistance' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to shore EURUSD at the open of the market
Comment:
TITLE SHOULD BE GBPUSD SHORT
Trade closed manually:
Closed trade @ 1.30486 for a weekly gain (profit)