Why it is BEARISH?
- it seems that there is a not so typical head and should being created which is bearish.
- price already penetrated the h&s neckline.
- there is a support line since the end of Aug-18 that had been penetrated and the line is now act as a resistance.
- there is a pullback to the resistance line and attempt to break it however it is failed and price created a key reversal.
- together with inside bar from the day before there is good indication that the pair might go lower.
- initial target profit is somewhere is the area of 1.7350.