Market is a long term downtrend.
On 1H chart:
Price is at a reversal zone.
4 touch at Resistance zone = Strong Resistance
1st Set up - R:R = 2.58 - 61 Pips Potential Profit
2nd Set up (Confirmation on Reversal) - R:R = 1.19 - 49 Pip Potential Profit
Stop Losses placed just above Resistance zone
On 1H chart:
Price is at a reversal zone.
4 touch at Resistance zone = Strong Resistance
1st Set up - R:R = 2.58 - 61 Pips Potential Profit
2nd Set up (Confirmation on Reversal) - R:R = 1.19 - 49 Pip Potential Profit
Stop Losses placed just above Resistance zone