DislikedJust wondering why you consider this a bond SS when the top of the candle has tested the 1.0162 SR level and made it back down to the support level of 1.0039? Wouldn't an entry below the bottom of the SS be a high-probability trade because you are taking a trade with the trend, break of a reversal candle, bounce off of the downtrend line, and a break below support, all of which would indicate that the market would trade lower? Probably at least to the 0.9970 area or lower?
I'm not trying to make a case for a short sale here, because the R:R might...Ignored
I suppose you could put a short on this one with say a 10 point gap below the candle, so if it went down you might pick the move up, and if it continued on the retrace you would not get filled but.......
For me certainly, the R:R is not good enough, but that is another matter, as you rightly say.
Thanks for your comments, they really made me think more carefully about the reasons for my rather careless statement. Another good example of how much there is to learn at this game.