Price action on the daily chart of this pair has formed a large bearish engulfing bar - BEEB.
As the attached chart shows; this engulfing bar is rejecting the recent price flip support level that has now held as resistance.
As we went through in yesterday's analysis with this pair, price had recently formed a 1,2,3 reversal pattern and price was re-testing the...
Strong Bearish Engulfing Bar (BEEB) has formed on the Daily chart.
My entry was just below the BEEB to verify the trade.
Price is currently going against my trade, but I am confident we should see price turn and hit the target set at the next lower support