Long
Awaiting a pull back(retest) before a long with stop loss below
source https://www.tradingview.com/chart/GBPUSD/PGgTeYVM-Long/
Awaiting a pull back(retest) before a long with stop loss below
Price is playing above Asian low overall trend is still longs
Price rejecting 2 H1 Bearish OB to the left
either wait for price to break the 2 OBs and retest to higher price or wait for price to play around in the H1 FVG and retest the M1 ChoCH
We can see from chart that NIKE has fallen from its glorious days and fallen 70% from its peak in Aug 2021. It is still on a downtrend.
Could Amazon be its saviour for the next 6 months or so, especially Christmas and Thanks Giving Day ?
Excessive inventory build up seems to be clogging the system and drag the revenues down! Not forgetting there are many other brands competing as well. It will take some months/years before we see a decent recovery.
Since I am vested, I will just park this in my garage and monitor on a monthly basis. Not adding more nor selling.