The 4-hr chart is in congestion with currently 17 bars.
Since bar 17 is the first one to trade out of congestion, the high of 1.2544 is a legitimate buy-stop entry
bars 5 to 10 = consolidation
bars 11 to 20 = congestion
bars 21 and more = trading range.
historically a bar between 21 and 29 has the best chance to break.
There are precise rules as to how to trade out of consolidation, congestion and trading range.
"a little bit of knowledge is a dangerous thing"