Looking ok, but I woundn't be holding it currently, needs to get above that main downtrend IMO.
The trade we are looking for appeared on this chart and was ~100%, i.e. the first 50% retrace where 8ema stays above the 65ema. Was also after the 65/200 cross. Textbook example.
Could also backtest the base channel just under the 200ema, just need to watch and see.
