Reason 1: Obvious down trend *Bias*
Reason 2: Channeling in a down (Sellers taking a breather)
Reason 3: A strong indication of a bearish flag in the down trend
Please pay attention to the following aspects of this trade:
- Wait for a push back to get in (Smaller TF's)
- Once target is reached, don't open another one without the breakout confirmation
- Pay attention to the news
Thanks.