http://www.fxtrainingzone.com :: EUR/USD Bullish engulfing candle of the 55 EMA daily.
Reasons for Trade:
- Price found support off the 55 EMA daily
- Engulfed previous resistance area.
- Price action found support off the 200 SMA on 4H
- Used 5M chart to gain entry.
One thing I forgot to add to the video was Elliot wave, we were on a 4th wave on the 4H period.
Cheers Sion
sionsmith 2 years ago