1. Long bullish move starting early july made a false break of key resistance at 1.1200 2. Price retraced back 50% to key support 1.0900 3. Price has made a bullish engulfing bar here. 4. Risk 1, Reward 3.
Yesterday's bearish hikake follows consolidation (inside bar from day before) and is in line with the trend. RR 2.4
