Price action on this pair has now formed a double inside bar pattern on the daily chart.
This is a pretty rare pattern because whilst we will often get a series of candles that are formed inside one large candle, they are not often consecutive inside bars.
This pattern is sitting directly on the recent resistance level and new price flip support level.
If we can see this level hold, we could see the pattern break to the upside to activate potential long trades for a run into the overhead resistance.
Thanks for your like and support....
This is a pretty rare pattern because whilst we will often get a series of candles that are formed inside one large candle, they are not often consecutive inside bars.
This pattern is sitting directly on the recent resistance level and new price flip support level.
If we can see this level hold, we could see the pattern break to the upside to activate potential long trades for a run into the overhead resistance.
Thanks for your like and support....
