Observation: Price breaks previous upward trend. Pivot point at 1.43339. Price makes strong movement upward. Indecision at dynamic resistance of downward channel (blue line)
Analysis: Price consolidation ahead. If price hits target at 1.45, short with tight stop loss till previous high. TP at target slope copied from two previous peaks.
Conclusion: Sell limit with tight stop loss.
Comment
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I made tight stop loss because market was too volatile and I was not sure if price would follow the channel because there are only few confirmations (hits).
Target Stop Loss reached, but at least I have low loss.