EUR/USD (21Aug) planned trade

I have placed another stop order trade for EUR/USD with the order to open at the break of the low as shown on daily chart. The price seems to be rejecting the recent top and seeing a long pin bar reversal, it might show that the currency might be on going on a downward direction..  Based on my
risk management guideline, my risk set for the trade is 2.6%

Pin bar Fakey (0.5 weightage)
Showing rejection on resistance (0.1 weightage)
Carry interest negative (-0.07 weightage)
Total risk = 2.6% (0.53 weightage)

This gives me a total of about 2 mini lot position, taking the leverage to around 2X.. The stop set is 108 with the limit set for the 2 position 160 (first support) and 362 (Second Support). I am adopting a single stop multi exit strategy because I think there's more room for downside movement and even if my deduction turns out to be wrong, I will have at least one profitable position.

The stop for my second position will be adjusted accordingly once the first Target profit is hit.. It will     probably be set at the resistance of the most recent trading areas...


     This trade will automatically expire should it be not opened by next day.