A break and retest of the previous support of the head and shoulders on the daily time frame signaled for possible continuation of bearish pressure. So going done the the 15 min time frame we have a rising wedge that was broken with bearish pressure, thus the entry was made with the stop loss above the previous high. The take profit was set using the next support which is quite further down for a nice R:R:R. I anticipate the price to reach it as price has now taken a bearish turn just after a lengthy consolidation after an uptrend.