I have therefor turned on this pair.
I am entering now at market and will possibly add additional shorts (see trades on chart) after a possible retracement into or just above the mentioned S/R zone.
My SL is safely above 1.7500, but I will trail it lower asap , with the "down" drawn on the right chart as a guideline. People who prefer a tighter SL might consider having it just above the daily breakout candle wick and certainly above 1.7400, say 1.7455 or so (which lies around the 23.6% retracement of the last big move up if you count the spike on August 24th).
3 possible targets for me:
1. The . of the last big move up if you count the spike on August 24th (50%)
2. The . of the last big move up if you discard the spike on August 24th (30%)
3. The .50 retracement of the last big move up if you count the spike on August 24th (10-15%)
A small part (5-10%) can be left open in case we go even further down.
My position size will be adjusted that the maximum risk after adding additional shorts will be only 1% of my current equity.