OMG LOOK at those beautiful bearish engulfing candles on the 4-hour on Cable! PLUS, they seem to form a double top!! OMGGG this is surely a strong bearish sign!
So juicy, right?
Right??
But wait...
So juicy, right?
Right??
But wait...
2
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DislikedOMG LOOK at those beautiful bearish engulfing candles on the 4-hour on Cable! PLUS, they seem to form a double top!! OMGGG this is surely a strong bearish sign! So juicy, right? Right?? But wait... {image}Ignored
Disliked{quote} came across this thread as I was looking for the original 4 hour engulfing bar thread I read 2 years ago. it had a risk to reward of 1:1 and win rate of about 60%. this gbpusd set up worked out in the end. my question is why would the bulls buy at the high. they would buy at recent s/r levels of 1.25 and it was a good trending period at that point of time.Ignored