I am looking for price to break below the 1.22500 level and retest it before making it downwards move. My confluences will be a break of the short term bullish trend line
rejections of the 1.22500 level, a cross of my moving average and a bounce off the long term bearish trend line
. The arrows demonstrate how I think price will move. Once price breaks my key level and retests I will look to scale in and enter on a 15 min chart along with confirmations of my other confluences.