According to W1 chart analysis:
And D1 analisis i have many reasons to look to buy at this level:
1) fib overlapping
2) channel duplication
3) 200 acting as support
5) strong psycho numer 1.20000
You can place a buy limit order or wait for a confimation first.
I switch to lower TF and look for clues to enter long but watching CLOSELY the price action if something develops wrong i must close the trade. Its difficult but offers a better R/R ratio.
The second style i also valid valid, in this case we had a pinbar near that area, a good bullish signal. If your are new i reccomend this style.
Your Ideas are well explained - and the combination of harmonic/chart pattern, Fibo, S&R, .... give them a great winning rate.
Thank you very much and have a nice weekend :-)