Short term short great RRR using HVF tight stop small risk
Some more information on how the trade is setup the distance between the high 1 and the low 1 is 112 pips giving us a full target projection of 112 pips from entry.
You can work out earlier profit taking targets buy measuring the distance between levels high 2 to low 2 and high 3 to low 3.
You can also you this for setting your risk although i like to know if im wrong fast and be out the trade early so i use the projection of the last move 3 high to 3 low in this case 15 pips SL.
Looks like we are still waiting for our high 3 properly going to take the Asian session to bring the price back up to this level will be looking for a late night / early morning short on this now. https://www.tradingview.com/x/fkKb3KPl/good day with some scalping on the pair but still waiting for the bigger drop as predicted.