EURUSD BUY DAILY 20 EMA , REJECTION CANDLE BEARISH ENGULFING Euro / United States DollarCMCMARKETS:EURUSDekhalekha247weekly and daily are bearish price is under 20 week ema, 20 day ema. now the level i have got marked on the chart has been a long term support level on the daily and it was just recently broken and we have had this slide down here, now we have had this bullish correctional move where the market has come back up and retest the 20 day ema dynamic resistance and respected it as resistance, in trending condition this is ideally where we want to see price action reversal signals to form because it is a key turning point within a trend the long upper tail on the the candle that is signalling to us that the move into higher prices were rejectedback down by the bears ENTRY>>> now to enter this trade is going to use the retracement entry method, i have already planned out to enter here where prices retraced back up to the rejection candle and retest the 20 day ema, i place my stop few pips above the rejection candle high with a few extra pips added to it to cover the full risk of rejection candle setup, so i know my stop is at a level where if it is hit the whole trade was wipe out and i want to get out anyway because the trade is not working ENTRY>>>