DislikedNice setup on eurusd on 4hr bullish engulfing pattern (or a pinbar/doji if we add both candles) after testing the 1.35. u can see that the fibo of the last move showed a confluence on the 1.39 level with the 61.8 could be a long term setup specially with the daily pinbar forming. this is my analysis any tips or advices?Ignored
Be careful with these, I see the most people get hurt with these situations. Price has broken down very strongly. I agree that gap was likely to fill , but this is a very small 4hr bar(this is in addition to pinbars post too) in comparison to the large down move we had. I like the BRN area, but I want to see some good strength. These have to be quick take profits/or to b/e with such a small bar from my experiences
Best
Mike