Daily rejection candle which followed by a bullish engulfing candle sign a move higher potential on this pair. This bias also supported by rejection candle that formed on the weekly timeframe .
Entry: Current price (Agressive) / Wait for a confirmation on a lower timeframe (Conservative)
Stop: Below the bullish engulfing candle
Target: First blue line...
The price hovers at 50% fib retracement of its initial down move where the rejection candles that was formed for 2 consecutive previous days signals a downtrend continuation possibility.
Trade plan:
1. Sell at market with stop above recent high or find a possible entry point at lower timeframe
2. Observe the price movement if your stop being triggered as the bias...
