Using the D-trendline as resistance, price recently broke the steep upward AND some daily S&R.
I got in without confirm, and took a small retrace but with a big S/L. The next days candle was bad news, but not bad enough to get out of the trade, day after that we get a really nice confirmation candle. Price is heading down, probably towards the W (might hit the horizontal at 91.141 but we're not counting on that.
In retrospect: the 9/4 day candle with very strong retrace and high close, is another sign, price is planning to go upwards again after this countertrend trade we're making here.
Price is fighting with our S&R line, and I don't like the look of the previous closes. The trade looks less appealing now, we could opt out now or wait for a candle closing over our S&R line.
Also notice, the longer we stay in the trade, the closer the supporting comes and the less profitable the potential trade gets. This is a downside of countertrendtrading and makes following up on it a lot more important.
Still looking for the small break trough 92.419. Still playing the waiting game.