We are pretty high and the price action loogs bearish. A little trend line is broken.
A trade to the downside has huge potential, so it may be worth the risk for you. But dont risk more than 1% of your capital on the stopploss which must be set above the high (5-10pips above).
be careful with your trade and dont put it to breakeven unless you see good reasons for one more upmove above the high. i expect a deeper pullback after the next trendline is broken which may take your breakeven out with a smile.
Happy trading!
Trade active
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trade is active but i am not happy with the way it is moving. anyway, criteria met and trade triggered. no need to worry because my risk was calculated.