GBPCHF - In Trend Engulfing Long Setup 4H
GBPCHF has formed a significant bullish engulfing that engulfed 3 previous candles and closed strongly above resistance.
The engulfing candle closed at 4am CST.
Price perfectly rejected the 61.8% fib level 3 times with a wick which confirms this setup.
SL set 3 pips below the engulfing candle low.
TP set at 3X risk.
The engulfing candle closed at 4am CST.
Price perfectly rejected the 61.8% fib level 3 times with a wick which confirms this setup.
SL set 3 pips below the engulfing candle low.
TP set at 3X risk.
Trade closed: target reached:
