On the 5 min chart, we are forming a higher low and I am getting in at this point because my risk reward ratio is better than if I get in at the breakout... best of luck
I'm currently short, but I got in at 1.253 and I'm risk free currently with SL ~break even.
I've missed my 1:1 Target barely on the initial sharp move down earlier this morning.
I also see the higher lows on lower timeframes, but I'm hoping they are part of a flag forming. Perhaps Draghi's speech in half an hour will move the market a bit.
I'd want to wish you good luck, but I'm still hoping price goes below 1.248 :^) After that, it can go long for all I care