arlucad replies to: Mastering the Engulf

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Hi Nick,

Hope you do not mind asking you a question about this chart:

CADJPY W1 / H4

Click to EnlargeName: 2018-01-30_16-51-17.pngSize: 174 KB

In this situation do we still have a long-bias? Do we need the bullish-engulf to be removed before considering shorts?

So, we would still be looking for a long opportunity on the H4?

Sorry for asking something you probably already explained it very well in your charts, but this is not very clear to me yet.

– Menko

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