Long or Short: Short
Entry Point: Market (1.3370)
Stop Loss: 1.3440
Profit Target/s: bottom of the channel (1.3285)
Reward-to-risk Ratio: 1:1 at the beginning, but can be more depending on how position is managed
Risk percentage: 2%
Indicators used: 100 SMA
Trade Rationale:
Price below 100-SMA and finding resistance
Price rejected by the falling channel again
Risk aversion
ECB cut rates by 25 basis points, another one expected in January
