I have opened a Sell Limit trade. The past lows and highs since Europe session start indicated to me that price wants to go lower for a few hours. To get a more beneficial Risk Reward ratio, I decided today to enter with a limit order at the P-line with a Target at the S1-line and a stop just above the last swing high.
Let's see how this one plays out.
Note: If price has gone more than halfway to S1 and my trade didn't activate yet, I will cancel the limit order.