Update from previous post, still looking to short. Target is next psychological zone 1.03000. Any comments would be appreciated
Buy to sell candle, 1hr candle took out previous highs then had a bearish move, putting sell limit at open of that candle. The swing also lines up with the 61.8%
Looks like a descending triangle, looking for entry on a lower time frame retracement. Turquoise line represents a whole number and it also shows the open of a sell to buy candle if you look to the left.
Looks like a bearish flag, Starting for form an evening star on the 61.8%-50% area Risking 15 pips
Marked up a Elliott 5 wave then waiting for the pattern to form Could go either way but higher time frame analysis is bullish