For the following setup I'll be looking to buy at 1.2850 and 1.2800.
I honestly wouldn't be surprised if there were a fake breakout to the bottom before the reversal comes to light . Market makers will move price to stop out all the novice traders. If this happens look to buy again on the pull back. My stop is for 100 pips. This will not be a walk in the park so be weary if price does not reverse we could be looking to target 1.2500 to the downside.