Euro / U.S. Dollar
Long
Updated

EURUSD bullish engulfing pattern on a rejection level

EURUSD broke an important level of resistance this morning. The price is testing the same level and buyers reacted forming a strong bullish engulfing pattern right on the previous level of resistance. Easy setup with this trade, with a standard stop loss below the candlestick pattern and take profit above the previous swing high.
Trade closed: stop reached
Stop loss reached

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