Bearish Engulfing on EUR/USD

Outside Bar on USD/JPY

On the daily chart near the round level of 1.10000, which acts as a rather strong resistance, a reversal pattern of the Price Action method – Bearish Engulfing – has formed. If the price consolidates below the low of the main candlestick, we recommend selling EUR/USD. Confirmations and entry points to the market are better to look on smaller timeframes. It is necessary to reduce risks when opening positions. This transaction is a counter-trend one.

The movement is tending potentially to the "mirror" support level of 1.08200.

by JustForex, 2017.05.09

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos