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Jiraiya_eth
Jun 3, 2019 11:02 AM

4h Bullish Engulfing forming a Wolfe Wave Long

U.S. Dollar/Swiss FrancFXCM

Description

In 2 hours the 4h candle should close forming a bullish engulfing candlestick, this is typical price action observed following a bearish trend which we have seen, expecting price to push upwards towards the EPA.

First TP is 115 pips

Nice Risk to Reward on this trade

After the 4h close I'll be placing a buy stop if the highlighted entry price hasn't been breached

Order cancelled

Never closed as a bullish engulfing, trade order is cancelled.
Comments
NXT2017
Look on the daily chart - you can find a nice wolfewave:

Jiraiya_eth
@NXT2017, Ah! Very nice spot indeed, I'll look into this!
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