Its a with higher timeframe trend, its at horizontal support so it gives us some good confluence. We just need that to head south to get oversold and we got a pretty good setup. The R:R is not the best on this setup cause we need to put our stop on the other side of the Support line to play it safe. But with a 70% ish completion to target one we don´t mind the lower R:R for a good setup.
Plan the trade, trade the plan.