ENTRY 1.6041 is a new 1H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 1.6032 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP 1.6061 is 20 PIPs right outside of the high for some protection.
TARGET 1.5780 is 260 PIPs down in a fresh 8H supply area with a 1H supply zone nested. Price will struggle to break the first test.