Weekly Chart : False Break with Engulfing Bar
4 Hour Chart Plan
A. Break upper resistance level , wait for pullback retest breakout point to confirm the bullish signal.
- Target at 0.7106 , 0.7156
B. wait for pinbar reversal at 0.6951 or trendline to confirm the bullish signal.
- Target at 0.7041
Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.