Since my last idea, price has come back to re-induce above the previous highs and presented us with an M15 sell structure.
Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF.
As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've made the decision to execute at the entry point as displayed in this idea.
The white line delineates the H4 highs created from one of my last ideas that presented us with an excellent RR short opportunity.
Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF.
As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've made the decision to execute at the entry point as displayed in this idea.
The white line delineates the H4 highs created from one of my last ideas that presented us with an excellent RR short opportunity.