as always, two scenarios are equally possible here:
- bullish breakout through the resistance and bullish continuation to higher levels of structure
- bearish: pullback from the underlined resistance.
I will try to play against the trend and I will pay close attention to a rising channel on 1H. for me, the trigger to short the pair will be a bearish breakout of the channel. I will place my stop above the higher high with the channel and will aim at 0.973 as the initial target.
Patience is key here! in case of a bullish violation of the resistance, our setup will be invalid.