bearish engulfing down from a retracement from resistance
Bearish engulfing moving back from a level of resistance on gbpusd, again 1:1 risk reward. These larger engulfing candles generally have a higher risk of negative price movement. They can offer a larger pip gain however, see what happens. Plan the trade, trade the plan !
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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.