Pattern Base Trading Setup - Engulfing D. Candle
Hi guys, we got a long opportunity here on the AUDNZD. A Bullish Pattern completion, a BO of the obviously upper trendline much visible on the hour one or four timeframe. And an engulfing daily candle.
Stops just below the Patterns X point or could jump on the H4 time frame and take note of the ATR 15 when price did break above and close above it multiplied by two for much more tighter SL.
Targets base on the pattern 38.20 and 61.80 of the whole bat pattern or depending on future market/price action and sentiment. Trade with care.
Stops just below the Patterns X point or could jump on the H4 time frame and take note of the ATR 15 when price did break above and close above it multiplied by two for much more tighter SL.
Targets base on the pattern 38.20 and 61.80 of the whole bat pattern or depending on future market/price action and sentiment. Trade with care.