I'm seeing some form of rejection at 1.21 level. Also with the bearish candle having larger spread, I will be looking for a low risk counter trend short if price can reach there.
Comment:
Nice sell down. Price now at POC level but look like bear strength is strong at the moment. Once price reaches 1.15-1.166 level, that is where i will wait for a bullish signal to look for a long as overall trend is still bullish. As long as 1.148 is not broken, bull have a chance of fighting back.