H1 - Bearish divergence, pullback with false break, one leg divergence, price broke below the low at 1.25031. We might see the price pushing lower now.
M30 - If the price moves lower and creates one more leg down with bullish divergence. Then we can go long with the breakout of the most recent high.
Invalidation: If the price moves higher and breaks above the high at 1.256658 before creating one more leg down, then this setup is invalidated.
M30 - If the price moves lower and creates one more leg down with bullish divergence. Then we can go long with the breakout of the most recent high.
Invalidation: If the price moves higher and breaks above the high at 1.256658 before creating one more leg down, then this setup is invalidated.