I think you'd want to see a clear break of 1.65300 before going short here. Seems very risky and with such a small stop loss you've not given yourself much chance to see if you're right. Also, at this point if a continuation upwards took place then you'd seen a HH, HL play out. Not to mention the beautiful hammer candle formation if you look on the weekly timeframe. But, the overall trend is bearish from March 2020 so who knows? All the best!