1. EURUSD is in a 'Consolidation Channel'
2. Formed a 'Bearish Engulfing Candle' right at the 'Resistance' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to shore EURUSD at the open of the market
1.XAUUSD -0.26% is momentarily in a 'Consolidation Channel' after a drop.
2. Formed a 'Bearish Engulfing Candle' right at a 'Resistance Zone' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to short XAUUSD -0.26% at the open of the market
EURUSD has been moving in a range for a couple of weeks. Today marks the close of a bearish engulfing candle while said candle also touched the outer band of the bollinger bands and closed inside creating confluence and making a short to the lower level of the range (support) trade worthy
