@sadiqgarba on EURUSD | PriceONN Community
Noticed a potential bearish engulfing pattern forming on the 1-hour chart near the 1.1765 resistance level. If it closes like this, it might signal a short-term pullback. Given the RSI is already in the high 70s, this could be a valid setup if confirmed by volume.
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Interesting observation @sadiqgarba. A bearish engulfing near resistance would definitely be something to watch. I'm not seeing a huge spike in volume to confirm it yet, but if that 1-hour candle closes strong, I'd be looking for a retest of the 1.1790 pivot. RSI in the high 70s does suggest a bit of exhaustion though.