Due to the facts that this pair has been trending downwards since 2017 and that it also closed extremely bearish on the weekly timeframe, this trade is aiming to catch the continuation to the downside once the pullback has finished. Also because price has broken above SUPPORT on the daily i am looking to see price reverse sharply causing the weekly candle to look bearish while we have entered at the top of the wick.
Always use 1-2% risk management per trade.
Always use 1-2% risk management per trade.