GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame.
Confluences:
Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles.
Huge bullish engulfing pattern on the weekly time frame.
20EMA rejection.
Current uptrend.
1st entry: 50% Entry with 1:2 risk to reward.
Safe SL below engulfing low.
2nd entry: Entry after huge wick through 38.2%, 50% and rejecting 61.8%.
Risker SL below confirmation candle low which is also the 2nd higher low.
1:3 risk to reward.
30m time frame allows a perfect view of the 2nd higher low forming which is the ideal entry point for this strategy.
Confluences:
Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles.
Huge bullish engulfing pattern on the weekly time frame.
20EMA rejection.
Current uptrend.
1st entry: 50% Entry with 1:2 risk to reward.
Safe SL below engulfing low.
2nd entry: Entry after huge wick through 38.2%, 50% and rejecting 61.8%.
Risker SL below confirmation candle low which is also the 2nd higher low.
1:3 risk to reward.
30m time frame allows a perfect view of the 2nd higher low forming which is the ideal entry point for this strategy.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.