The short trade is based on a trend reversal signal. The price broke SMA100, and it gives us a solid bearish signal. MACD and DMI tell us about a possible downward movement. Here is an example of a short trade:
Sell below 0.67335
Stop above 0.67575
Profit Target at 0.66710 Risk per trade must be no more than 1-2% of the trading capital. Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.