1) Trade at your own risk
2) IMP: Do not rush or jump into the trade take your time and analyze.
3) Manage your risk properly, divide your lots into three with the idea of taking profit thrice.
4) That way even if we don't reach our target we will be able to secure some profit on the way.
5) Consider moving your sell loss at breakeven after 25+ pips in profit.
6) Don't risk more than 4% of your account in this or any trade.
Analysis and justification:
- Overall top down approach has been used = Monthly, Weekly, Daily, 4H and Hourly + Fundamentals + Sentiments
- Key level
- Overall downward trend
- Waiting for the line to bounce downwards from key level
- Key is to wait and analyze
- I will try to update
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