At 10:00 am the 9:00am formed a bearish engulfing pattern. From my top-down analysis, trend of EURUSD is down, therefore a bearish engulfing pattern gives opportunity to take a short position. My expectation is for price to continue its downward movement. Profit target is a few pips above my S3 for today. Don’t let any single trade define your success or failure. Remember there will always be another trade.
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