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Beginners ask whether to fade the spike. The useful questions are narrower.

Was the release a Tier-1 for this pair, or are you fading someone else's headline? Do you have a level from before the print, or are you drawing it on the impulse? Has spread snapped back, or are you paying panic prices to be early? Is your target larger than the cost of being wrong on a second push?

My answers on EURUSD: I only consider reversion after blackout, after snap-back, at a pre-marked level, half size, with a time stop. If it has not worked in a few minutes I am flat. I do not average. I do not "give it room" because the spike "must" come back.

Most beginner losses I see on reversion are not bad reads of the data. They are early entries with full size into a market that has not finished discovering the price. The questions above are there to make that boringly obvious before the click. If you cannot answer them in one line each, you are not fading - you are chasing the opposite direction of the impulse.

The pre-marked level rule is the one beginners skip most often. Drawing support on the impulse after the spike is not a level. It is a story about the spike. I only fade when the level was on the night sheet before the print.

Half size and a time stop of a few minutes matches how I run EURUSD reversions. If it has not worked quickly I am flat. Averaging or giving it room because the spike must come back is how a small incorrectly-timed fade becomes a full daily loss.

The attached chart is an illustration of a post-CPI reversion scalp on EURUSD M1: spike to 1.0818, snap-back, entry at the pre-marked 1.0805 level, stop at 1.0812, target 1.0792, flat by the time stop at five minutes if still open. Spread snap-back before entry is non-negotiable. I have paid panic spreads to be early and turned a correct direction into a loser on costs alone. Tier-1 for this pair matters too. Fading someone else's headline on a cross I do not map is not a reversion trade.

Do you use a fixed time stop in minutes, or do you exit on the first M1 close back against you after entry?

LondonNewsTrader, a beginner question I get that is not on your list is what to do when the spike never reaches the pre-marked level. Stand aside. Chasing a reversion that has not tagged the level is just joining the impulse late from the other side.

I also refuse reversions when the first two minutes after the print are a one-way grind with no wick back. That tape is still discovering price. The snap-back has to print before I even look at the night-sheet level.

Attached below is an illustration of a post-news EURUSD M1 case where the spike stalls above the pre-marked 1.0840 level with no tag and no trade. The second panel shows a clean tag, snap-back, and half-size fade with a five-minute time stop.
Half size stays half for the whole ticket. I do not add if it goes my way. Adding turns a controlled fade into inventory into an unfinished move.

A wick-only first tag with no M1 close back through does not arm the fade on my sheet. Curious whether any touch is enough for you or you wait for that close too.