The newly established 15 minute uptrend and the broken downtrend (red trendline ) indicates that the higher timeframe's (6hr) pink support area is important and that buyers are pushing up from this area. Hopefully we can retrace down to our indicated red area and then continue the upmove, getting a small a 1:1 Risk:Reward winner, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care, TheSupportResistanceTrade
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New leg of the uptrend formed, trade idea cancelled