Dislikedmeaning u will only wait till price has dropped back to the 1.6000 level? why not till the 1.6200 or even 1.6100 levels?Ignored
The down trend is still intact imo. 300 saw some sellers and also 400. There are a couple more SR levels above these two. If you pick levels with good confluence then why worry about whether you will be wrong or right. Dan has given a very simple system, you have to make it your own and follow your rules. If you start getting scared about entering then you will miss good opportunities and ultimately blow your account.
I was out for breakeven from the 300 level and have a breakeven trade from the 400 level (sellers from within previous SR channel).
Edit: Now +50 trail.