We have here a bright set up for the reasons below
-Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter
-Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout
-Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
-Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter
-Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout
-Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.