here are a few reason for my input
1)if you turn on 15min TF on GBPUSD you can see that price make fast comeback.
2) It looks like price in BOX can not destroy usual course of events.
Here I give you a few reasons why I will enter in that dot :
1 )location in the trend channel .
2 ) Pin bar on 1D and 4H also shows how the price rebounded from the level .
3 ) Multiple attempts to break through the price level of 1.54500 .
4 )by trend.