D1 and H4 are both showing the overall trend is still up with price holding up above MA200 and major D1 support area 1.11044-1.11400. Currently, price is trapped below the current down trend line.
Trade Plan 1: If price continues pull back into D1 support area (even better if it forms false break out to the upside), rejected up, and close back above it, long the market. Wait for the first pull back before entry to confirm the rejection to the upside. With Stop Loss 40 pips and Target Profit 120 pips, the potential trade offers 3.00 Reward-To-Risk Ratio.
Trade active
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Open partial position and see for further movement.