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FatPandaCapital
2. Jun. 2020 08:50

EURUSD Long Engulfing Candle 50% Retrace Open to 162% Fib TP Long

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Beschreibung

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Trend continuation following period of retracement, large engulfing candle does not provide sufficient risk to reward ratio 1:3 hence open if price retraces to 50% of the engulfing candle. Take profit is 162% Fibonacci extension.
Trend AnalysisChart PatternsEURUSDretracementFibonaccipriceactioncleanchart
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bamzuki
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Noice
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