ENJUSD (1H) Bearish breakout

Hi Traders

ENJUSD (1H Timeframe)

The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.488 support level. Only the upward break of 0.508 would cancel the bearish scenario.

Trade details

Entry: 0.488
Stop loss: 0.508
Take profit 1: 0.476
Take profit 2: 0.457

Score: 8
Strategy: Bearish breakout