EURAUD - Bearish Engulfing - WeeklyEURAUD has formed a significant bearish engulfing continuation pattern the week of 7/10/17. Price made new lows the week of 7/17/17. 3 bullish candles before the significant bearish engulfing also confirm this setup. It appears that the pullback of the bearish engulfing is now completed as there is a bearish engulfing on the daily time-frame which I will also post below. The bearish engulfing on the daily time-frame formed after bouncing off a strong down-trending support trend-line. SL set above previous highs. TP set above the gap that has yet to close.
