Engulfing pattern
Price reacting from 50% of the last impulsive move, which was a reaction from a weekly level. I placed a limit order at the 50% retracement of the engulfing candle. This allows me to have enough profit margin. Expecting the price at 1.2440 area and even higher.
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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.