tst
Short

Engulfing pattern day trade

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Confirmed engulfing candle, short set up on the open. Target shown on the chart. risk 1 to 1. last 4 have been successful so probably due a loser. The strategy works over the long run if every trade taken so I will see how many can be won in a row.
small win but a win. See the hour the hour chart for how the trade played out, profit was smaller because of the gap on the open
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These setups are not text book engulfing candles with the body of the engulfing candle covering the previous candles trading range. im just looking at the open and closing price and projecting a move from this. It has been a strategy that ive been profitable with and now running. Being a 1 to 1 risk it requires more winning than losing trades to be profitable and this has been the case in recent time. Has been very successful on the GER30, ill post this run of trades on the next signal.
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