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Antoine_Chang-Fx

Daily engulfing candle whilst oversold a potential lower low.

Short
CFDs on Palladium (FX_IDC:XPDUSD)  
Antoine_Chang-Fx Updated   
FX_IDC:XPDUSD   CFDs on Palladium
Bearish Patterns Engulfing Candle Support and Resistance
2
0
bearish engulfingcandle supportandresistance
An engulfing candle whilst oversold and above the 50 sma indicates price may make new lows. Forming on weekly resistance as well as a 61.8 retracement adds more confluence to this trade. I am targeting price to move back to Monthly support which is also a -38.2 retracement.
Comment:
I meant to say overbought not oversold.
Comment:
Stopped out
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