Description
⋅ Longer term direction:
4H chart is in a downtrend, with a visible Resistance level where we try to enter. Also, the daily chart has 10EMA below 20EMA.
Potential Wyckoff Upthrust with a good Outside bar for entry at the 2H chart that can give an excellent risk-to-reward trade.
Target1 is 1 to 1 move or the nearest low and Target 2 is the 161% Fibonacci extension.
If you close half at 1 to 1 and then leave a runner for the 161% Extension - you'd have 3.5 RR.