DislikedPutting aside risk for a moment, I'd say you want to have DBHLC setups at the end of upswings(even better if the pair is in a downtrend) as a reversal OR as confirmation as the end of a retrace after a bigger bearish setup. Basically, anything except at the very low / bottom of a swing/chart...
Also support/resistance should be just ABOVE it, causing the DBHLC to form in the first place, not just below/at it which is imho what 1.4444 has(support, look to the left on 4h, highs).Ignored
Also the setup is right at the end of the price move, so its not valid.
Thankyou very much.