Looking left, wehave a strong resistance level
with 4 touches and no break above close above. If the price level retraces I will be placing a stop loss a couple pips above 1.1234 price level. If the price rallies above the resistance I will be looking out for a retracement at the 127 extension for a potential cypher
formation, with a stop loss around the 1.1164 level.
Hope this helps and if you like this post feel free to like !