EURAUD Weekly Trade setup with Bullish engulfing pattern

EUR/AUD OANDA:EURAUD
Make_Money_Guru_Bitcoin



EURAUD Weekly Trade setup looks like Rising wedge Pattern

In Weekly, You can see Bullish engulfing Candle

The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend or At the support level

Entry Point: 1.61022
1st Take Profit: 1.61660
2nd Take Profit: 1.62765
3rd Take Profit: 1.64128
4th Take Profit: 1.65270

Stop loss: 1.58909

MIDTERM TRADE USE SMALL LOT SIZE.

Note: This is only for Educational Purpose this is not Investment advice.

Please support the setup with your likes, comments and by following on Trading View.

Thanks
Adil Khan.

more info

READ  Possible Gartley Pattern | USDCAD