To be honest I am not too keen on taking this trade. That is why I only went with half a percent on the risk. Yes, the last cot data report indicates a heavy amount of shorts added, but I think it would have been better to let the price pull back into the previous resistance area and wait for rejection. Going simply by the previous day's close below the neighboring up candle's EQ and expecting rejection back above the EQ is a bit to anticipate.
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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.