DislikedI can see a bit of a concern with this method already......
As I was sitting and watching this current bar form, I noticed it become a valid entry. Within the first 15 minutes the bar dropped below the setup bar fullfilling the first criteria. Price then proceeded upward triggering a valid entry at 1.3665 (1 pip + 2 pip spread) with a stop then at 1 pip below the bar (at this point in time) at 1.3653. (12 pip S/L) Of course, that didn't last (see attached chart) and therein lies my concern...... an initially valid setup becomes a loss as the entry...Ignored
You can't be certain whether a trade was a winner by looking at the 30M.
I got lucky and traded 4 or 5 live trades today and won them all.