We're bouncing at a fib confluence support level, it seems. The candles look bullish, but we'll have to see. This implies dollar is due for more action as a result of the heavy weight news volume in an hour and 15 minutes.
I'm long from here, but with a half stop at 1.1110 and a full stop at 1.1105. To filter out the noise, I'll enter a short on a strong breakout, but only if price gets to 1.1100. These levels might change, but it's at least what I am thinking at the time of posting.
Note that I posted EU might have more of a fall on the 240 minute chart, so I'd like to recognize that this technically contradicts that thought. I don't always trade the same time frames I analyze. For instance, my long entry was found from the bottom of a 1 minute wedge about an hour ago.
I'm long from here, but with a half stop at 1.1110 and a full stop at 1.1105. To filter out the noise, I'll enter a short on a strong breakout, but only if price gets to 1.1100. These levels might change, but it's at least what I am thinking at the time of posting.
Note that I posted EU might have more of a fall on the 240 minute chart, so I'd like to recognize that this technically contradicts that thought. I don't always trade the same time frames I analyze. For instance, my long entry was found from the bottom of a 1 minute wedge about an hour ago.
