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FedericoSellitti

EURCHF - Bearish Engulfing Pattern at a turning point

Short
Euro / Franco svizzero (OANDA:EURCHF)  
FedericoSellitti  
OANDA:EURCHF   Euro / Franco svizzero
Trend Analysis Chart Patterns Technical Indicators Forex EURCHF EUR chf downtrend Bearish Engulfing candlestickpattern Bearish Patterns
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trendanalysis chartpattern indicator forex eurchf eur chf downtrend bearishengulfing candlestickpattern bearish
EURCHF
The currency pair is in a downtrend according to the strong bearish setup of the moving averages.
In the video of this morning, we were already considering a short position on it, but now we have a clear candlestick pattern, a bearish engulfing.
Stop loss and take profit may be selected to have a RR that is at least 1:2.
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