4H - Engulfing bearish candle @ 4h resistance
Here on the AUDNZD we have a counter-trend setup. The market has been trending up for the past couple of weeks and has now run into a previous level of resistance. The market put in an engulfing candle at this previous level of resistance which shows selling pressure at this level.
Note
CLOSED 50% OF TARGET BY TRAILING STOP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.