In my previous post analysis , i predicted that price reverse was likely due to the bullish divergence (purple arrows). However price had to form a bearish engulfing candle so it passes the 20SMA & trend-line resistance (black Line). Furthermore price had to retest the trend-line (labeled) to signal that the price reversal was complete. This is exactly what happened, price rallied by 142pips from the trend-line retest. (At the time of writing).
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