Hi, my opinion for this pair as well This can be considered as aggressive but my conditions are: (1) Price closes above key level >> At that time, H4 bearish engulf is where the price can be pushed to lower (2) H4 bullish engulf is backed by D1 ...

MTF Engulf / Engulf fail

Thanks ITB, but I prefer newly formed setup over the nested LTF engulf, to confirm the bias and avoid the wick out of engulf range

MTF Engulf / Engulf fail

Hi all, my update for today: USDCAD: H4 Bias still down, New H4 Engulf to watch >> Some LTF ef happens, trying to catch those targetting to lower H4 Engulf XAUUSD: H4 Bias is up but price is ranging GU (New to watch): Daily and H4 Bearish Engulf are ...

MTF Engulf / Engulf fail

Hi Inthebox and all, Here is my view for pairs with clear levels to me. Still watching for entry around those H4 levels. (My blue zone is daily engulf and yellow ones is H4)

MTF Engulf / Engulf fail

This line from #1 post may answer your question: "As it is of a much smaller time frame, it is better that the engulf fail to be followed up with an engulf set up." Your highlighted engulf will work if it removed the setup engulf that inthebox ...

MTF Engulf / Engulf fail