Why the fake out happened you ask? To take liquidity and shake out longs.
Whats next: We prepare for a second fake out, but above the blue box area. On a strong reversal whick with candles coming back into the blue box, we take a short with a Risk:Reward of 1:4 for the first TP.
We monitor the situation on H4. Stay tuned.
SL just below the candle,TP is blue blox. easy R:R 1:3 or even 1:4.
Stay safe guys.