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justinholtgrave

GBPNZD - 4H Short In Trend Engulfing Setup

Short
British Pound / New Zealand Dollar (FOREXCOM:GBPNZD)  
justinholtgrave Updated   
FOREXCOM:GBPNZD   British Pound / New Zealand Dollar
Candlestick Analysis GBP NZD short SELL 4h Engulfing Candle
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candlestick gbp nzd short sell 4h engulfingcandle
GBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame.

ECB President Lagarde speech @7am helped form this setup.

SL set above engulfing candle body high. TP set at 2X risk.
Comment:
I am eliminating Tuesday setups as they have a low win rate.
Wednesday and Friday setups have a higher win rate.
Trade closed: stop reached

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