Why this setup? Daily trend is bearish, but the 4H setup is armed LONG. RSI on lower timeframes is neutral, coiled for a move. Entry zone is tight (1.1390-1.1488), with a clear SL at 1.1145. First major target is TP1 at 1.1733.
Debate: Is this the reversal pivot, or just a dead cat bounce before the daily downtrend resumes?