The price is currently at daily support. This makes a long favorable here towards the weekly resistance. The price might dip further into daily support zone, but a short in any way is not favorable from probability point of view.
Trade closed: target reached
⋅
This played out pretty well. The price moved up from the support and hit the resistance zone as marked on the chart. The weekly resistance did its job and sent the price back down. This concludes this idea and will look for a new setup in a separate post.