I am always look for 2nd retracement / retouch while taking a position. Here the daily trend has significantly changed its direction to Bullish bias on the start of current week. Yet We are at a very strong Resistance Level. First It touched on Tuesday 06th August 2019 and did some down movement. I was still waiting for the key position to hit again. And the same happened. Yesterday, It made a high at 1.6786 where we have been waiting for the price direction eith up or down.... Today It gave us a bearish engulf right @ Key Level which in my view, is the confirmation of short bearish direction. We are going to take some nice pips here...
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