This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the crossing. The is pointing upwards and the is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.