Bearish engulfing at resistance in AUDUSD

By Emekadavid
Updated
AUDUSD has formed a bearish engulfing at resistance. This pattern indicates that price will likely go south. Time to short it.
Do all due risk management and position sizing for the trade.
Comment
Use pending order until price breaks the low of the bar. I am sure you know how. Else, ask me.
audusdshortBeyond Technical AnalysisChart Patternsprice-action-tradingTechnical AnalysisTrend Analysis

Disclaimer