Based on my analysis using the RSI indicator, I have observed a bearish trend with a downward divergence. Therefore, I plan to enter a short trade with a 1:1 risk/reward ratio.
Here are the details of my trade plan:
Trade Type: Short
Sell Stop: 29789.07
Stop Loss: 30371.65
Lot Size: 0.15
Take Profit 1: 29206.49
Take Profit 2: 28623.91
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Here are the details of my trade plan:
Trade Type: Short
Sell Stop: 29789.07
Stop Loss: 30371.65
Lot Size: 0.15
Take Profit 1: 29206.49
Take Profit 2: 28623.91
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.