4 hr chart has a bearish engulfing pattern as well. Major resistance area just rejected by 8 hr chart. Long term trend is also down. Looking for candle to break the low of previous candle by 5-10 pips to validate short position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.