Weekly Chart:
Bearish Engulfing Pattern
Daily Chart:
Friday closed with a pin bar with rejection of high price but still closed above 112.6
Watch out:
1. There might be a retest around zone 112.9
2. First support might be 112.6
3. Second support might be 112
Action:
Waiting for a retest and price action pattern to determine a short entry @ area around zone 112.9
Bearish Engulfing Pattern
Daily Chart:
Friday closed with a pin bar with rejection of high price but still closed above 112.6
Watch out:
1. There might be a retest around zone 112.9
2. First support might be 112.6
3. Second support might be 112
Action:
Waiting for a retest and price action pattern to determine a short entry @ area around zone 112.9