No, I'm not in this trade.
But we can learn very much from it:
- price is in a clear downtrend
- then it starts to recover by making smaller stair steps against the DT.
- price breaks minor support and...
- ...comes back to where it gave up (pink block)
If price comes back again now, I'm very keen to take a short.
The important part here is NOT the trade.
It is what's in the priceaction.
Study it, search it elsewhere and don't look for perfection.
Flowers, Trees, Animals and Humans are also look different, although they are from the same species...
Peace!
But we can learn very much from it:
- price is in a clear downtrend
- then it starts to recover by making smaller stair steps against the DT.
- price breaks minor support and...
- ...comes back to where it gave up (pink block)
If price comes back again now, I'm very keen to take a short.
The important part here is NOT the trade.
It is what's in the priceaction.
Study it, search it elsewhere and don't look for perfection.
Flowers, Trees, Animals and Humans are also look different, although they are from the same species...
Peace!