A resistance zone
created by bearish engulfing
candle, which then got broken by bullish engulfing
candle can be a worthy support zone
as we can see from previous wick entries into the zone. Can it be a trade setup for a buy? Only time can tell but worth risking a small percent into the trade.
On the contrary, the zone is being visited for the fourth time so whether the next candle in H4 frame respects it or not; only time can tell.
Generally speaking, previous zones broken by engulfing
candles are always worth a limit order. Lets see what the market does