Not sure I have any defense of this trade.
Reviewing it now, I don't even see my reasoning.
Daily chart shows consolidation and multi-week bear flag.
Bias is to the upside, and looking for a breakout.
Why I chose to short it is beyond me.
I shorted it after the opening range formed at around 77. Covered high after a quick run up.
This trade makes no sense. Agreed?
Lesson learned: Don't short counter trend or with no reasoning behind it.
Execution detail:
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