1630 looks like a key pivot zone, in this case it's now acting as a neckline for a potential reverse head & shoulder (the one day pin bar broken down into 1h bars).
If I was conservative I'd wait for a break and retest confirming that the resistance had flipped to support. If I was aggressive I'd take it on a bounce of 1625 (the 23.6% fib ret). However I'm going to work in a min so I'll keep my long where I entered it and let the chips fall as they may.
If I was conservative I'd wait for a break and retest confirming that the resistance had flipped to support. If I was aggressive I'd take it on a bounce of 1625 (the 23.6% fib ret). However I'm going to work in a min so I'll keep my long where I entered it and let the chips fall as they may.
Anything can happen.