WilliamGuillaume

Usdcad Engulfing Bearish pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
128 views
1
in time frame daily we got an Engulfing Bearish candle pattern .
Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns.
It is a major reversal signal.

the price gonna reach the bottom , and one more down is possible .
trade safe , stop loss 40 pips travel ;)

Good luck

Trade closed: stop reached: +70 pips:)
Trade closed: target reached: + 70 Pips

Comments

+ 70 pips profit :)
Reply
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