Due to the facts that this pair has been trending downwards since 2017 and that it also closed extremely bearish
on the weekly timeframe
, this trade is aiming to catch the continuation to the downside once the pullback has finished. Also because price has broken above SUPPORT on the daily i am looking to see price reverse sharply causing the weekly candle to look bearish
while we have entered at the top of the wick.
Always use 1-2% risk management per trade.