Tuesday, November 4, 2014

1299 - Quick follow up from previous post

I decided against the NZD/USD long trade.

Reason :

The engulfing pattern is pretty short and insignificant.
I rather see a longer red candle, followed by an even longer green one.
Another thing is that the tail, I like it to be even more trimmed.
The body of the green engulfing candle should be more full.


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