4 hour chart: we could see a short term support just below the current price. Today I'd like to wait for a weak candle on 4 hour chart completed near or below short term support, then I could look for short entry. Any try on short above this support may bring high risk on reversing.
It is not appropriate to look for long above the red resistance zone. However, we still have to wait for the short term raising trendline to be broken before start looking for short entries. More consolidation may happen here. Be patient.
What we have to wait in the following day is a short confirmation - a weak candle close below this support level, then it is time to look for short entry. Keep an eye on the price action on lower frame.
Have entered this short when price broke the blue line.
Today's non farm payrolls is coming soon, I will only focus on short USD as the main trend is down. We may have this trade as soon as data is launched if the number is under forecast, or later if the number is similar to forecast. However, if the number is much higher than 195K, like 250K, just give up this plan.