HD has been a short idea due to macro situation and continues to trend short. Having the right Reward to Risk ratio and Money management remains paramount. Since we are not extremely late to the trend but still are late, one would be advised to take a smaller position size of maybe 1% - 2% of your trading portfolio.
It also isn't the highest score trade as it lacks MACD confluence but it has a decent chance of turning out well.
It also isn't the highest score trade as it lacks MACD confluence but it has a decent chance of turning out well.
Comment:
went the other way hard. good to have a stoploss in place to take a smaller loss than potential win