Consider a small entry around 18.12 - 18.15: If the confirmation occurs, a small initial entry could be considered.
Set a tight stop-loss: Due to the strong recent downtrend, a tight stop-loss is crucial. Place it just below the recent low or the 17.92 support level, perhaps around 17.88 - 17.90.
Set modest profit targets: Aim for short-term gains, targeting potential resistance levels:
Target 1: Around 18.30 - 18.35 (previous minor resistance)
Target 2: Around 18.50 (another previous resistance level)
Consider taking partial profits: If the price moves in your favor, consider securing some gains at the first target.
Do Your Own Research:
This is just a potential trading idea based on the provided chart. Conduct your own thorough analysis before making any trading decisions.
