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