The price move on M1 Chart (19 Pips):
Price Action on M5 Chart:
Above picture; Right is H1 and Left is M15
Reading the price action we could see that the current bearish move is the 4th wave (elliot wave), this could travel until the Resistance - 1 or Resistance - 2 (two green dash lines strike through the middle of the 3rd wave)
Above picture; Right is M5 and Left is M1
Cyrcle-1; Just right above the Resistance - 2 on H1 chart is a Demand Area on M1 Chart and right on Bollinger Band. Analyze using YTC PAT and its clearly seen the momentum slowing down (slope of the candle, deep of pullback) then a failed test to the lowest pointCycle-2; At the same time it create two hammer on M5 chart.
Cyrcle-4; Stochastic made bullish divergence
So I place 1 buy after a break of a trend line on M1, SL just right under the pin bar (about 10 pips) and TP right under the Supply area on M1 chart. SL later move to the 2nd last pullback.
Cyrcle-3; Price reach right exactly in to the TP for 19 Pips then lazily resume bearish. This is the power of Supply and Demand.