Disliked{quote} Thank you for getting involved Beerbelly. Theoretically, you set up has merit and it is the 'type" of pullback that I look at. If I were to consider this trade it would have been made the day before the last candle. I like to put the stop above the highest high of the relief rally. In this case however, I would look for a lower point to put the stop due to large PIP risk using the highest high. If you were to do this your position size would be tiny with such a large stop and a 1% risk. Interestingly, I had a similar situation last week...Ignored
1