Price has broken previous structure. This is the first indication I would take in my trading to before placing a trade. We can see in the charts that the price has broken through medium risk zone and is now heading to low risk zone. I would be looking for a short position there as it is closer to my invalidation level. This allows me to leverage a higher position with minimalized risk.
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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.