Even if the MA's shows a strong bullish momentum, if you zoom out, you see this pair it's in a range for some time and the price simply hit the ceiling.
1.6250-1.64 is a zone of strong supply. Price went strong up in the supply zone and then came the selling which was really strong. The BEEB was more than ATR(10) = very strong momentum on that bar. If the Big Boys were behand the bullish candle, then the next candle should have been a bullish marubozu because the balloon just exploded. But instead there was the bearish long candle. This told me the Big Boys are selling instead.
It was stress free (as free as it can get)
1.6250-1.64 is a zone of strong supply. Price went strong up in the supply zone and then came the selling which was really strong. The BEEB was more than ATR(10) = very strong momentum on that bar. If the Big Boys were behand the bullish candle, then the next candle should have been a bullish marubozu because the balloon just exploded. But instead there was the bearish long candle. This told me the Big Boys are selling instead.
It was stress free (as free as it can get)