Now the trade is a bit compromised because a technically valid short setup has formed.
Actually, the trend line that we are able to draw on the RSI Exhaustion is a bit too steep but the short setup is still valid.
That said, we are on the buy-side of this trade and our initial analysis was 100% correct.
Moreover, the price is still above a major support which was just retested and prevented the price from falling lower.
And lastly, we’re at breakeven, which we actually moved a bit higher, just below the major support.
Let’s see if this short setup creates any trouble towards reaching our target.