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EURUSD-Weekly Market Analysis-Feb20,Wk4

A bullish engulfing candle closes it shows the first sign of potential reversal towards the upside setting a countertrend trade opportunity. The beauty of this setup is the ABCD pattern completes within the range of the bullish crab pattern.

Traders can consider waiting for a retest of previous low for a better Reward: Risk as a trading opportunity.

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