DislikedYou're off topic so if you want advice I would go here: http://www.forexfactory.com/showthread.php?t=2331
You are looking at a 700 pip inside bar which could break either way. On the monthly we are still in an uptrend by my definition - trading above the 200 ma. But it's consolidating with lower highs and higher lows which is clearer on the weekly or daily chart. Ripe for a break out trade, on the daily, probably.
I wouldn't trade that monthly bar.Ignored
Personally I'm still watching last months IB. Which closed short. Even if it's not on a 1hr chart. Sorry. I've always preferred the higher TF. But if people here would rather not talk about anything but the 1hr TF i'm ok with that.
Have a great day