The pair is in a bearish mood on a daily and 4h chart.
At the moment Sell with SL above 1.0725 1st target at 1.0500 2nd at 1.0325
I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)
P.S. Using a small stop losses in my strategy makes them triggered quite often, however, it saves my account from wide drawdowns, and keeps my RRR positive.
At the moment Sell with SL above 1.0725 1st target at 1.0500 2nd at 1.0325
I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)
P.S. Using a small stop losses in my strategy makes them triggered quite often, however, it saves my account from wide drawdowns, and keeps my RRR positive.