Looks for a nice opportunity: a bullish shark
might be coming in hour chart. Point D is at a support area
, target(s) is/are in the next resistance area
. Nice RR 1:2.5 @t1 and RR 1:3.5 @t2. High risk as it's a trade against the trend! That's why I don't see a t3 outside the resistance area
S/L goes underneath point X (underneath support).
Monitor closely, stay calm and watchout for reversal signals around point D (reversecandles, etc.).