Very disappointing to have missed out on 140 pips yesterday...I set up the price alert incorrectly and by the time I saw the price it was probably too low to enter (though I did not know it would break down to the 1.4210 resistance and 50% fib area).
Looking at my 3H chart below, I have marked all potential S/R levels.
Possible trading opportunities would be:
a) a short from the falling trendline - this would be an A+ trade setup.
b) take an adventurous long from a bounce of the 1.4210 area.
c) trade any bounces of the S/R levels in between these areas (not A+).
One of the 3H lows is holding the price at the moment with cluster of resistance around the 1.4260 area. Hopefully we can shoot up through this before 2Q GDP ad unemployment data this afternoon which will hopefully cause another decent move (I wont miss the bus this time!).
