Small indecision candle before strong bullish engulfing made a demand area, which was broken very fast. That was a bullish fakeout on bearish market and this area need a retest.
My setup for this trade is a sell limit at 1.03794
- lot size 0.03
- SL 1.04106, -31.2 pips, -5.45€
- TP 1.03319, +47.5 pips, +8.30€
Risk/Reward Ratio 1.52
My setup for this trade is a sell limit at 1.03794
- lot size 0.03
- SL 1.04106, -31.2 pips, -5.45€
- TP 1.03319, +47.5 pips, +8.30€
Risk/Reward Ratio 1.52