On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a , first test was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have divergence.
We can get involved in two ways:
1. Aggressive - Short now with stops above and take profit at structure lows.
2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the , then enter at the 61.8 fib level again stops above the and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.