That area just above 1.70 presents a confluence of resistance that makes it a significant and key breakout level. One can wait for a breakout and re-test setup to maximize RR to one's favor.
I'm personally actively looking to enter a smaller position to maybe front run the breakout which is looking quite imminent.
My 4HR levels:
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Couldn't get an entry in. Looks like it may be on its way but letting this one go.