Description
⋅ Patience... allow for the 4H candle to close ABOVE the red resistance, than purchase confirmation which closes also above.
Things to be aware off - failed confirmation might possibly lead to Wyckoff Accumulation Schematics.
Further idea development will be described as scenario unfolds...
Comment
⋅ Extremely overbought conditions on 15 min RSI:
Trade active
⋅ Possible double top on 4H and overbought RSI:
Trade active
⋅ Volume profile suggests support in area of $1.165 :
Trade active
⋅ Horribly looking gravestone Doji forming on 1H, volume possibly confirming short term trend reversal: