Bullish price action signal1. Price is in an up trend
2. Previous resistance become support
3. Bullish engulfing bar completed
4. Supported by 8 simple moving average
The high of the engulfing bar has to be broken for the trade to be valid. Stops for this strategy is best placed a few pips below the engulfing bar and targets must be at least 2x sl value...
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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