I am watching this short just above Oct high around 106.70- 107.80.
This is not the best kind of setup as I could not draw any ED channel on it.
However, I am predicting a false breakout on this pair where I can short with confidence.
These are the criterias I will monitor before entry
2. reversal at PRZ
Good trading guys, do not short too early.
Will keep you guys updated!
Classic case of trying to be too greedy before a big news event.
From 100 pips profit to 70 pips loss, I learnt my lesson for November.
Reminder to self, always take some profits at the 38.2 retracement of the C-D leg.