Reason for the trading strategy (technically):
Price has started to reverse nicely from our selling area. We remain below major resistance at 1.1666 ( , horizontal pullback resistance, breakout area, divergence) for a further push back down to 1.1572 support ( , horizontal swing low support).
(21,3,1) is dropping nicely with good downside potential. divergence vs price signals that a reversal is impending.