Waiting for a correction

Price action created a lower low, waiting for it to correct, i'll be watching for a sell setup in one of the two following levels:
1.2375
1.2494

if I get a sell setup based on my entry rules in one of these level, i'll enter a sell setup, with a 1% manual stop loss, and 2% automatic stop loss. this is how I manage risk in my entries.

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