Bigger picture I'm looking for a bullish leg on the daily time frame. This might even result in the start of an even bigger move. But first things first. The question is whether the consolidation ended at 1.21.
I will therefore focus on the 1 hour time frame for clues. At the moment we only see 3 waves higher from 1.22. This means that I'm looking for at least a short term sell opportunity and will manage that position keeping in mind the bigger picture buy I'm looking for.
1hr chart:
I will therefore focus on the 1 hour time frame for clues. At the moment we only see 3 waves higher from 1.22. This means that I'm looking for at least a short term sell opportunity and will manage that position keeping in mind the bigger picture buy I'm looking for.
1hr chart:
Comment:
We didn't see the sell continuation trade after the previous bearish break. My trade got stopped out as a result of that. However I re-entered short as shown in the chart and am looking for a consolidation so I can open another short. If it reverses sharp (by means of a bullish impulse) I will adjust.
