Other confluences are the turquoise intersecting our pink support line (previous resistance), and the obvious uptrent we are in on this timeframe (indicated by the green lines and the grey arrows connecting them). We can also see that other important resistances have just been broken if we zoom out to the 4h timeframe!
Our stops go below the and I'm hoping to catch a 1:3 on this one as price should shoot back up to at least 121.7. Moving my stops to breakeven when price hits 50% of profit.
And as always, Hold your thumbs!