Daily chart made 2 attempts to break and hold the .7650-ish break out level. Now there is a trend line break with a strong push down. Looking for a simple pullback to enter short.
I have a limit order sitting at .76979 with a stop at .77390. This might not be high enough, but .... oh well. Target at 80 pips
Price has bounced off of 1.1220-ish twice, with the last time showing a weaker rejection. There are stops above that level, and the bearish pin bar brought in more shorts, and possibly causing the all-ready-shorts to tighten their stops above that.
Price has been creeping up to that level again, and I think when that pin bar breaks to the down side, more shorts...
There was a break of the last daily swing high at .8629-ish and a failure to follow through. On the hourly chart price balanced at the highs before being rejected. This is counter trend, but it is so close to the edge of a potential range, I'm going for it.
I have a limit order at .86294 with a stop above the highs. Small risk, big reward.