Based on my analysis, there is a bearish divergence and the trend is expected to continue in the bearish direction. Additionally, the previous higher low (HL) has been broken by a new lower high (LH), indicating further downward momentum.
Therefore, I recommend taking a short trade with a risk/reward ratio of 1:1.
Here's our trade plan:
Sell Stop: 2007.545
Stop Loss: 2028.789
Lot Size: 0.04
Take Profit 1: 1986.301
Take Profit 2: 1965.057
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.
Therefore, I recommend taking a short trade with a risk/reward ratio of 1:1.
Here's our trade plan:
Sell Stop: 2007.545
Stop Loss: 2028.789
Lot Size: 0.04
Take Profit 1: 1986.301
Take Profit 2: 1965.057
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.