Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is now testing major support at 1.2490 ( , horizontal overlap support). We would only sell if price drops and closes below this major level. If it does, then the momentum should push price down to at least 1.2382 support before 1.2270 ( , horizontal swing low support).
(89,5,3) is seeing a nice reversal from 97% with good downside potential.