Based on recent price action I expect the price to make a move to the downside to retest the previous low. Possibly even to progress further to previous structure to the downside.
There is also a distinct possibility that the price will continue up to make a new structure high (because of the momentum with which it attacked the 0,7080 area) , but with a R/R like this, I am inclined to take the risk of a short continuation ..
The candles at around 02:15 am UTC+2 are creating an area of indecision, but I am positioning the short order somewhere around 0,7070 and expect it to be triggered within a couple of candles, because I have to go to sleep :)
I would enter after a candlestick based confirmation otherwise (a close below the low of a significant indecision candle or just something that would look like meaningful price action in that context ... )
There is also a distinct possibility that the price will continue up to make a new structure high (because of the momentum with which it attacked the 0,7080 area) , but with a R/R like this, I am inclined to take the risk of a short continuation ..
The candles at around 02:15 am UTC+2 are creating an area of indecision, but I am positioning the short order somewhere around 0,7070 and expect it to be triggered within a couple of candles, because I have to go to sleep :)
I would enter after a candlestick based confirmation otherwise (a close below the low of a significant indecision candle or just something that would look like meaningful price action in that context ... )
