Price broke that short term resistance trenline and is now pulling back. We will keep an eye for a price action buy signal or a harmonic pattern ( in lower time frame 15min, 30min) at the trendline which now acts like support.
That 's part of the game. As i said we should have looked for price action signal at that zone (bullish pinbar) or for a harmonic pattern, something that didn't happen. I shouldn't have placed that risk/reward graph without any signal.. Did you trade this setup?