3 ducks in action

Here we have the 5M, 1H and 4H eurusd charts in consecutive order, PA at time of posting is below the 60 SMA on all 3 charts. A pending set and forget short (sell stop) trade being set to activate once PA reaches 1.28961. TP has been set to close trade at 1.28560 which is a main support level indicated on the H1 chart. There will (if reached) be an inevitable retracement once this is reached. At this point and if all goes well the trade will be closed and we can then look at placing another set and forget pending trade for any further downward movement should this occur. This simple trade setup has a 30 pip SL since the trade is being performed on the 5M chart which should prove more than adequate. All that needs to be done is see how the trade pans out.