DislikedGlad to see the detail that you are working through this. I personally will be careful with 20 pips of room if the area has been untested. Remember S/R, pivots, fibs, etc. are like stop lights. Sometimes they are green and price flies through. Other times they are yellow or red. So at times I will take the position. As the level gets closer watch the PA and take profit on all or part if necessary.
Price action is the ultimate indicator. So no matter what the stochs or macd are telling you it is PA that has the first vote. So watch the price action....Ignored
I really like the stop light analogy. I would say this one is a yellow light. Looks as if its going to come back to retest WR2 from above. I am always cautious with the midday Tokyo session. (Have had too many trades go against me during this time)
Mark
Mark ... Everything you have been told is a LIE