Based on my analysis, there is a bearish divergence observed in the market. This indicates that the trend is likely to continue in a bearish direction. The divergence will be confirmed once the previous higher low (HL) is broken, and a new lower low (LH) is printed.
With this information in mind, we can plan a short trade with a risk/reward ratio of 1:1. Our trade plan is as follows:
Sell Stop: 145.752
Stop Loss: 146.466
Lot Size: 0.16
Take Profit 1: 145.038
Take Profit 2: 144.324
By following this plan, we aim to take advantage of the bearish trend and potentially profit from it. It's important to note that trading always involves risks, and one should only trade with funds that they can afford to lose.
With this information in mind, we can plan a short trade with a risk/reward ratio of 1:1. Our trade plan is as follows:
Sell Stop: 145.752
Stop Loss: 146.466
Lot Size: 0.16
Take Profit 1: 145.038
Take Profit 2: 144.324
By following this plan, we aim to take advantage of the bearish trend and potentially profit from it. It's important to note that trading always involves risks, and one should only trade with funds that they can afford to lose.