1d:2m (Trend Continuation Short)
-This is a good example of a trend continuation short trade in a micro uptrend because we make a higher high and then once we start to fail we accelerate quickly to the downside. On micro uptrend we have to be always aware that the next lower high is any day away. If taken we have to be willing to hold for long periods of time. In this specific trade we have a new Higher high formed on the daily so a true selloff should not occur yet although a new higher high fakout and large continuation downwards is not unheard of but in a perfect trading world all backside moves from an initial frontside should have a new lower high formed first then the selloff follow after. This trade is clean because there is a very clear defined risk and clear defined reward. Once we get the high of the backside pop then we can enter and risk that top while looking for a new lower low. This allows us to have a high R trade while having a very +EV setup ontop. This is the ideal scenario where size should be taken.