This pair has lost momentum as you can see with the previous two candles. For extra confluence, there were over 5 bear candles which is due for a reversal. It's hit a support line as well.
These 3 factors all point to a high probably reversal setup which could potentially receive a 2:1 or 3:1 reward.
These 3 factors all point to a high probably reversal setup which could potentially receive a 2:1 or 3:1 reward.