In a nutshell I would look to short this only once it has proven to me it wasn't going to get my money in just to reverse back up. I would look for some very strong signals up and maybe take a trade up to the 1.325 - 1.335 area.
For a short I would like to see a strong 1 hour break below the tl and a . I would sell short on the break of the flag.
Please educate yourself and create your own trade plan. Be responsible for your trading decisions. Use other's ideas to validate you own. Know your limit, trade with in it.
I welcome all comments regarding my ideas good bad or indifferent. Even if you just want to get on my nerves. Remember "nobody can hurt me without my permission". Mahatma Gandhi
permission not granted.