EURUSD is currently in a descending channel on its way tlward the third lower touch. We have begynn to se the start og the impulsive move downards, and now there is a valid trade entry opportunity. As visible on this chart, there is a flag with large Downside potential. But if you go further down on your 15m charts we can clearly see that the flag consists of a head and shoulders pattern, increasing the total probability of the trade.