AUDNZD has formed a very strong bearish engulfing trade setup on the daily timeframe. A downtrending support line, a very strong Bollinger Band outbreak, and a significant engulfing candlestick confirm this setup. SL set above previous highs, TP set at previous lows.
Kommentera
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SL moved to break-even. Currently 142 pips in profit.
Kommentera
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Currently +132 pips in profit. Price pulled back and formed another bearish engulfing as expected.