Jim makes some important & very valid points in that post. Just because price prints a higher high & a corresponding higher low in a perceived downtrend, doesn’t mean the dominant bias is over.
It also doesn’t necessarily mean you can’t trade the opposite view.
If you’ve got a plan for identifying & managing that scenario, then as long as you can locate adequate risk, you can take it on.
The higher high/higher low (& vice versa) steps can offer pretty cool risk-reward shots on the lower timeframes if you can plot potential upside/downside targets as well as realistic stop-loss (risk) placement in case it fakes you out.
Picking up from Jim’s circled area on his 60min frame around the 11th-12th, if you drill down into the 15min & allow the price action to pan out a while, you can better prepare for a potential ‘long’ against the main trend thrust.
Sure, price needs to prove itself, but if you hang your hat on this peak-trough behavior stuff & it affords you a sensible risk angle then the choice is yours as far as taking it on.
There’s certainly sufficient upside room to allow for a 100-150 pip hike to the previous swing high @ .8130. So, a risk measure of approx 30pips off that outside bar trigger at that higher low pullback level (highlighted inside the square), offers up a potential 1:3 or 1:4.5 shot, depending on your trade management skills.
If you’re one of James’ 40-100 IB strategy disciples, then you had yourself multiple opportunities to compound or add-in along the way as the price action opened out.
As Jim say’s, be careful bout taking comments on face value. Unless you know exactly what the poster is trying to impart, it leaves comments open to mis-interpretation - & that can cost you an awful lot of lost time, opportunities & money.