Potential long trade for EU. Provided that price makes a clean break through my Order Block & the trendline before coming to retest it. This is where I enter with a BUY LIMIT Execution (as long as the trade has not been voided before this step). 15 pip SL, 210 pip TP. This is a potential 14RR trade, close half at 5RR (75 pips profit) to secure profits in case of a reversal.
Risk management examples have been shown. Adjust accordingly to your own account currency and risk tolerance - this is the only way to compound an account efficiently, happy trading 👍🏾
Had the same idea definitely believe it will bounce back up due to the downtrend pattern. Also some heavy USA news which may affect this going forward .