Dislikedsomething similar we have on AUDCHF..
it broke two previous swings..
tight SL would be great....
CB 0.87 n LCS as well...Ignored
When PBT&CB intially we would be looking for the .8717 and .8736 to act as Resistance . .Taking a Touch Trade at these levels can be risky but you would just need a tight S/L. Better confirmation would be bearish PA at these potential Resistance level(s). (much like my recent Euro trade)
Looking at the 4 Hour TF, we can see how these levels return to Support at the same level . .notice no closes below on the 4 Hour. . .Support.
Why the .8736 and not the .8717? . .the .8736 was a stronger Swing Low on the Daily.
Indicators show the past. Price Action "Indicates" the future.