A nice leading diagonal is being corrected. Obvious channel/ whipsaw on h1 - highly likely will be broken down.
If it happens, the whipsaw is likely to be the wave X of a larger correction, that may take the form of a WXY as shown on the chart.
Target is also highlighted on the chart, where the buy stops were activated and that level represent a juicy stop-loss hunting %))) Seriously, that is the logical end of the journey for the 1-2 setup.