Interesting candle closed in may, with a BEARISH ENGULFING formation. If we look at the monthly chart, we can see how our BUY OPPORTUNITY coincides with the target of ENGULFING, forming the right shoulder of a potential Bullish "head and shoulders". In support of further upward movement, we also breakout of bearish channel and potential re-test, always equal to our area. We see something similar in our latest setup on eurusd (channel breakout and development of right shoulder), see below:
setup eurusd: (click and play)
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