Selling pressure seems to be running out as this pair his hit a key support line and formed a long legged doji right on it. There is also a hammer on the previous low indicating that price may reverse. Furthermore, the first higher high has formed after a long downtrend.
Trade closed: stop reached:
It seems like the stop loss was again too tight. Price seems to be heading back upwards and I should have set me stop loss lower, perhaps looking at structure from further back.
Price actually ended up breaking past the key support area after struggling.