Disliked{quote} i see that weakness too, but i dont see a change yet. the defintion of a downtrend still exist. H-L-LH-LL-LH-..... may another good chance for a good trade?!? comments? {image}Ignored
This is in a down trend without any extended ranging with accumulation at lows to suggest a good upside move is coming (view your H4 and H1 charts). The retraces in the down trend are even becoming smaller. Therefore, until there are better signs of bulls than what we have now, the best way to trade this would be to wait for a retrace move upwards and then for a Classic short setup.
We can never know how price will move next, but this seems a reasonable strategy for the time being.
If you suspect the price might be entering a ranging phase with increasing signs of bulls, then try to be sure any Classic long setup you consider is as close to the bottom of the range as possible, and target PA consolidation near the range top for exit.
-tah