For short term trade go long inside channel near lows with profit target at channel high and stop loss below recent low.
Order cancelled:
Price broke down and never went to recent bar high as shown on chart.
Comment:
This trade became an A down trade after trading below the A value line of 1.2000 for a minimum of 15 minutes, or half the time of our Opening Range. With bias to the downside we would enter a short position with a stop loss at the Opening Range high.