EURUSD-Weekly Market Analysis-Feb20,Wk4

2020年2月23日

A bullish engulfing candle closes it shows the first sign of potential reversal towards the upside setting a countertrend trade opportunity. The beauty of this setup is the ABCD pattern completes within the range of the bullish crab pattern.

Traders can consider waiting for a retest of previous low for a better Reward: Risk as a trading opportunity.