After such huge movements up and down, Now it may take some rest between 1.6260 - 1.6360 - 1.6400 areas.... During this rest of the market we have both bulls and bears fighting...
- Let the market move down till 1.6263 and upon confirmation, we will go on H4 Time frame.
- If the market didn't give us confirmation and get retracement from 1.6263 area then we have to wait for the price to come, retrace and give us candlestick-confirmation @1.6093 for another opportunity.
- Let the market break and retrace 1.6300 - 1.6260 area. Then wait for the market to retouch the current Market price @1.6360 or 1.6392.
- Even if the price stays above 1.6392 then we have to wait for the price to come @ 1.6392 again and upon pattern on H4 time frame we will look for opportunity.