At the EURUSD exchange rate, the first downward impulse candle arrived. Because it was a news report, it's common to be tested back. This back-testing is usually done near the news release level. This is a very good short entry. After the start of the decline, our primary target price is 1.1784 levels.
Even if I will not sell short until I see prices go below 1.1650 (probabilistic point of view), this plan makes very good sense for those who want to short with a solid strategy. This is to me the best approach in the actuel context (waiting for the neckline to be broken to open a short trade doesn't offer a good probability anymore) Thanks !
meszaros
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@where-is-the-flow, I completely agree with you. Thanks for the comment. Have a nice day.
Very well done !