I am getting in on this trade late however I still have a 1:2 risk to reward ratio which is good enough for me. The setup is simple. Price is yet to break the high(99.083) which means price is still trending down. As a trend trader I wait for pullback to my preferred zone and take the trade for a sell which is what I have done here. Now I hold on to the trade and pray price falls to at least the previous low where I have my take profit.
Thanks for the insights you are sharing, really appreciate them. Do you mind expanding a bit on what your preferred zone is and how you identify it? Is it on the daily chart it the lower time frame you use for your to entries? Thanks.