@justin5567 on EURUSD | PriceONN Community
J
I'm seeing a potential bearish engulfing pattern forming on the H4 chart for EURUSD. The current candle is closing below the previous bullish candle's open, suggesting a possible reversal of the recent minor uptrend. RSI is still in oversold territory, but this pattern combined with the SMA's could push it down further. I'll be watching for confirmation in the next candle before considering a short position.