I will open Sell if the price will make fake broke of 1.2661 and H1 close under that level.
Entry near 1.2662 - 1.2650
The price is making pullback to a key level.
Many traders asked me, can they open entry now/
At this moment the price 1.2615, your stop loss should be above 1.2680
For me the risk of 65 pips is too big, that's why I wait on a pullback.
If you love risky entries you can Ope Sell now.
I wait when the price will make pullback to 1.2660 and I will open entry. Because there my risk will be 30 pips. And I will be able to get risk/reward ratio 1 to 5 or even 1 to 10.
I just realized
Being a newbie
I fully understand what you mean and can say you are right