Buy the breakout CONFIRMATION

Patience... allow for the 4H candle to close ABOVE the red resistance, than purchase confirmation which closes also above.

Things to be aware off - failed confirmation might possibly lead to Wyckoff Accumulation Schematics.

Further idea development will be described as scenario unfolds...

Yorum:

Extremely overbought conditions on 15 min RSI:

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Possible double top on 4H and overbought RSI:

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Volume profile suggests support in area of $1.165 :

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Horribly looking gravestone Doji forming on 1H, volume possibly confirming short term trend reversal: