Analysis on chart. There is slight probability that this is the top for this pair, and a strong decline might start from here. I'll be looking to enter short on a retracement if possible, or after a consolidation forms. The invalidation level will be a new high, naturally. Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not). Props to @Sokow, @jangseohee, @AndyM, @NCoulb1 and @GcNaif, we've been analyzing this pair extensively together as of late. Check out their charts.
"The invalidation level will be a new high, naturally." That is true. My Setup gave a valid short @ 50% price level (on this chart below), but I missed. The prior high would have been my stop.
moorekapital
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Nevermind about my target. ;) The focus is on the invalidation level, and the entry short
IvanLabrie
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4h gave you nice scale ins. I'm not in, waiting for this move to end and form a daily setup.