I'm short on this pair as well. The past few bars show that the the pair is struggling to stay above 1.05. I am going to hold on for awhile longer and see if this pair can break lower.
dojitrader
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Price action from my entry at 1.0506 has been corrective - obviously in 3 waves - and the "doji" on the hourly chart signals a change from bearish to neutral. I'm taking profits here @ 1.0450 or so and I'll re enter if the doji is taken out on the downside.
Wanted to hold this longer but the lack of impulsive price action indicates something else is brewing.
dojitrader
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I'll be, looks like this set up is still valid. Posts today by Technician, kinitex360 and others seems to show that there are Gartleys within Gartleys lining up about the same target area. I guess it's just a matter of what the final number will be.