I won't short this if I were youRationale is simple. The longer term trend is bullish and the 1H chart shows a temporary correction. Yes, if you short, you might get lucky and win some pips profits but that also means you have to be fast with your fingers. Some may be fast to get in but late to get out, turning profits into losses. Not worth it.
Some are late to get in (FOMO) and early to get out , also resulting in losses from cognitive dissonance.
The smarter or conservative method is just wait. Wait at the 2.577 coast line to see if it rebounds (watch for bullish signs) before you initiate long position.
The fact that it is riding on a bullish trend means it can rebound much faster than you think and the risk/reward ratio may not be worthwhile to take a short position, in my opinion. There are many lower hanging fruits opportunities and that is the job of a trader, identify it and trade it.
It is easy to become complacent and not do the homework and assuming market will go your way. That is gambling based on luck and usually that is the first sign of trader falling off the cliff.
Avoid this trap at all costs !
