The 4hr bar broke the trend line, so I think we have a good chance to test previous resistance, and RR is in our favor as well.
Comment:
I forgot to add that the entry was made on the 1hr, but it's much more clear for me on the 4hr.
Trade active:
My SL is at 52.09, TP at 55.59, so still in the trade, just FYI. But is does look like it's going to tank some more...
Trade closed: stop reached:
SL was hit, looking price to break lower