Red zone area is the best area for short entry. However, need to monitor price action to the entry point. Setup for this entry are Bearish Engulfing, Drop Base Drop in supply zone and Significant Support & Resistance. Price still in Channel Up and very risky. So, for this entry I just risk 40 pips away from the entry point.
Trade active
Still running. Set breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.