AUDUSD Weekly - Bullish Engulfing

By TomUnderwood
After a week long bull move the AUDUSD has formed a good looking engulfing candle on the weekly for a long trade.

The bullish engulfing coincides with the uptrend after a a significant retracement, presenting a high probability 2.4 RR ratio setup.
AUDUSDaussieChart PatternsTrend Analysis

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