Here we have a recent bearish trend that we are looking to capitalize on, as we know that the trend is our friend. We have had consistent lower lows and lower highs, with no clear sign of a good retracement to make a trendline connecting 3 points. I believe this is close to the top of the retracement which will make our new connecting point for our trendline. Last lower high was set at 1.7457 so any break and close above that will invalidate this trade. conservative traders should look to keep stops above this level, whereas aggressive traders should look for a 30 pip stop around 1.74320. TP should be set towards 1.73000