There’s an “Engulfing”, but this pattern hasn’t been confirmed yet.
So, the pair is likely going to test the nearest resistance in the short term, which could be a departure point for another bearish price movement.
We’ve got a bullish “High Wave”, so bulls are likely going to test the last high during the day. At the same time, there’s an opportunity to have a local bearish correction.
Origin: FX BAZOOKA
