The Currency Pair corrected from its top making a Hammer and then the second candle engulfing the body of 1st suggesting another pattern as well known as bearish engulfing.

When there are 2 candles confirming same direction at the top or bottom there we get double confirmation.

The Pair should had taken support near 0.93200 but the pair didn't take the support and went down to its next support.

At he support we have seen a South Doji which indicate reversal in trend and the performance is also good to any other dojis.

Buyers are trying to take grip of the market again so that the currency can move upside and they can regain the upside move.

There is an opportunity for a trade here as the pair is trading at its support zone and we have seen a 

RSI has bounced back from 21 and its trying to cross above 30, The Rsi is following the price so the movement is supported.

MACD is trading below 0 and a crossover below 0 can be another good sign of entry.

Overall good opportunity to buy the pair with strict SL

Advice : Buy only above 0.92830 closing basis

Buying Opportunity

Jul 21 2021

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