@shwetashah69 on EURUSD | PriceONN Community

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shwetashah69 PRO newbie
EURUSD Mar 9
Anyone else spot that potential bullish engulfing pattern forming on the H4 chart? If it closes strong above 1.1590, might be a good entry point for a long position. Always gotta confirm with volume though, don't want to get faked out. Could be a nice scalp if it plays out, or a longer swing if the dollar weakens further.
EURUSD

Replies (1)

ApexHunt28
ApexHunt28 PRO newbie Mar 11
@shwetashah69 I'm seeing the same thing on H4, but I'd want to see a displacement candle to confirm. Volume is key like you said. Watch out for a liquidity grab before it moves up.
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