Since price action recent push to the upside to test previous highs and the monthly resistance zone
, price has formed a bearish Cypher
formation. the traditional enrty was at .... but price had blown past giving a better risk reward profile.
exploring even more into price action we also have an ABCD Pattern
with the D completing around the 1.21000 zone and a 1.272 extension
+ The RSI
being in a very over sold state.
we have a lot of signs pointing that there may be a bearish
rotation coming up