DislikedI'm also looking now for short, but I'm waiting for candle confirmation on H1.Ignored
For any major move, I'll wait for consolidation and pinch breakout on this chart, which may or may not happen. If it does, and if the breakout is upwards, the 89 sma and the 1.4700 area is attractive target. The chart fib ext. levels drawn downwards at last major double pinch have the 0% breakdown level at 1.4688, which could be revisited if we get a strong upside move.
I am currently nursing a trade on the M15. I jumped in short on speculation (before confirmed setup breakout) and got my head handed to me. Exited and went long on upside breakout. But the trade is going nowhere fast. This trade was begun at the downturn of the US market....not exactly a high volume good time to trade. Mistake!
Anyway, it looks like everything needs to simmer. It could be a while before any next interesting move.