EUR/USD rising wedge setup with continuation of downtrend

In the H1 timeframe, EUR/USD has broke down from the rising wedge and formed a sign of weakness. It is currently undergoing a backup action as a test of the sign of weakness with potential trade setup to the short side ahead. The detail explanation of how to trade the rising wedge pattern with high winning rate based on either the reversal or the breakout strategy is outlined in the video below (timestamp starts: 3:50) using S&P 500 futures as a case study:

Below are the key parameters for EUR/USD potential short setup for trading session on 2 Oct 2020, with a potential reward to risk ratio of 2.

Entry: short stop order at 1.1690

Stop loss: 1.1725

Take profit: 1.1625

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