wait for confirmation

3 thg 1, 2017

This to me is a good sell setup. The doji has been confirmed and all you have to do is wait for the end of this day candle. Best to not take the position now as it may retrace and possibly give you a scare you dont need. But if this bearish engulfing candle closes as it is then sell until 53.25 before any bullish pressure occurs. Thats my target a good 100 to 200 pips. In addition the 50 day moving average is being broken and tested on the 4 hr time frame.