Price action seems to be giving respect to the higher trend (1D) analysis given the consolidation on the trend resistance. With it, comes with a high possibility and confidence for price to enter a minor pullback/ reversal. Candles also shows that bull is getting weak on the 30m tf, a good indicator for a reversal. Higher timeframe analysis displays higher pips potential as well.
If price breaks the 1h support with enough momentum and candlesticks confirm , it gives confidence to enter the trade.
trade only according to your system
sl 10 pips tp 20 pips
sell stop - pink line 131.265
If price breaks the 1h support with enough momentum and candlesticks confirm , it gives confidence to enter the trade.
trade only according to your system
sl 10 pips tp 20 pips
sell stop - pink line 131.265
Trade closed manually:
closed at breakeven, expected false breakout when priced closed bullish candle formations