Expecting ranging behavior, and bulls will fail to break out above previous high.
First signal would have resulted in an okay scalp if you were to take 1:1 risk to reward. Eventually would have been stopped out with the stop i used on here. I'm still waiting for a second signal, expecting bull breakout to fail. If bulls close with a strong bull bar above 1.3936, i would be more inclined to buy, seeing it as a bull breakout- but it would have to be a really good bar, and I would keep the tightest stop-loss possible. Remember, if things change, don't be afraid to change with what the market is doing.