Why is it ... I continue to enter buys on pairs that are clearly in downtrends.
Probably the same reason why people don't take profit at extreme prices.
Everyone knows that there is only one lowest low ... but it could be this one!
After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods
BTW, check out this beautiful inner channel: