Hello,this is not folowing my plan as this is countertrend but I wanted to give a try as we have a trendline and a horizontal key level as resistance with a rejection confirmed with a Pin Bar
Entry : 1.5464
Stop : 1.5487
Risk : 1 % as usual
the pair is just at the cross of a major resistance ( red line ) and the resistance on the former trendline ( black line). I am usually a trend follower but this one looks nice considering the high R:R
The theory says that strong trend are non volatile and that reversal happens in volatile environment such as now. For more info about it google accumulation, trend, distribution.
I suggest to look for entries against the strongest currencies such as JPY, NZD, and XAU ( yes i call it a currency and I sign ! )