GBPAUD SHORT TRADE. ENGULFING REJECTION AT RESISTANCE.
2019-11-20 05:08:11
Hello traders so the reason I am entering this trade is because:
The Price Price Action Signal: Bearish Engulfing/ Rejection Candle
The Level: Price is rejecting a Daily resistance level
Is Trade a 2:1 Or Better: About a 1.75:1 trade (My profit target being the previous Daily support level)
Other Factors Of Confluence: Top Bollinger Band is being tested and Stochastics is oversold and just started to crossover to the downside.