It is reasonable to expect price to continue the downwards trend given the measures and an "ideal" pattern in the making.
There are several ways we can enter this trade :
- at market : stops would have to go above 1.4920 giving the retrace to previous low an less than 1/1 RR ratio
- wait for the formation of a , and wait for confirmation of a descent - in which case we can put our stops above the little top and improve our RR ratio
- wait for the formation of a 2618 pattern ( , break below neckline and . of previous down move) - the most conservative way.
Maybe it's not the best option to enter it right before the weekend, so I'd advise to give it a wait and see on Monday opening what the market has done and if it is still a valid opportunity.
Good luck and may the pips be with you !
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