A pattern is spotted on EUR/USD . after a short-term uptrend. A long legged candle was formed after the pattern to show that there was an indecision in its direction. It also retested the 1.09705 and failed to break the . I would enter a short trade for this pair. My setup would be an entry at 1.0840, T/P #1 at 1.0690, T/P #2 at 1.0510, and S/L at 1.1055.
Hiya, The only thing I would say, looking at your entry at 1.0840 and setup is that you are risking 210 points (SL: 1.1055) for an initial 150 point gain (TP1: 1.0690). Over time this could end up costing you depending on how many correct trades you place. Hope that makes sense. I would aim for at least 1:1R if not more like 2:1 Risk/Reward.