having low leverage on this kind of trade is good, make sure you don't forget to put your stop loss and price target based on your risk:reward ratio.
Even I am always against leverage trading, when you are having good capital then you may go for availing low leverage as part of your risk assessment to trade in good volume. The best practice must be cashing small target but when we are trading in higher volume then you can make decent profits in the end.
Simply, we cannot ignore the benefits of leverage trading completely but how you are making use of it would be the deciding factor here. So, I guess we do not need to be afraid of availing leverage but we need to be more careful with it.