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justinholtgrave

XAUUSD - 4H In Trend Engulfing Long Setup

Long
Oro / Dollaro (FOREXCOM:XAUUSD)  
justinholtgrave  
FOREXCOM:XAUUSD   Oro / Dollaro
Support and Resistance Candlestick Analysis Supply and Demand XAUUSD Gold LONG Engulfing Candle support trend
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supportandresistance candlestick supplyanddemand xauusd gold long engulfingcandle support trend
XAUUSD has formed a significant bullish engulfing closing at 8am CST.
The engulfing candle engulfed 4 previous candles and closed above resistance.
Entry is at the high of the previous candle to the engulfing candle which was rejected perfectly confirming this long setup.
Significant bullish engulfing on the daily time frame as well.
SL is set below the engulfing low.
TP set at 3X risk.

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