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justinholtgrave

EURAUD - Bearish Engulfing - Weekly

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Euro / Dolar Australia (FX:EURAUD)  
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FX:EURAUD   Euro / Dolar Australia
Trend Analysis Chart Patterns Wave Analysis EUR aud EURAUD Weekly Charts Bearish Patterns engufling Daily Charts SELL short
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trendanalysis chartpattern waveanalysis eur aud euraud weekly bearish engufling daily sell short
EURAUD has formed a significant bearish engulfing continuation pattern the week of 7/10/17. Price made new lows the week of 7/17/17. 3 bullish candles before the significant bearish engulfing also confirm this setup. It appears that the pullback of the bearish engulfing is now completed as there is a bearish engulfing on the daily time-frame which I will also post below. The bearish engulfing on the daily time-frame formed after bouncing off a strong down-trending support trend-line. SL set above previous highs. TP set above the gap that has yet to close.
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Daily POV:
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