Again in the PRZ we can see a bearish impulse that may be the beginning of the bearish actionary wave-C. By Placing stop above highs, we're maximizing R/R potential and exitting the trade if uncertainty is introduced. My entry will be on the pullback. Updates to come as the tide rolls. Happy trading!
Trade closed: stop reached:
Here's the position I'm currently holding on EU. Quick stop outs allow us to minimize losses and re-evaluate to sell at an even better price: