a_tale_of_bulls_and_bears

EURUSD | 15min Chart | Chapter 1

Corto
FX:EURUSD   Euro/Dólar estadounidense
Looking to take a short in EURUSD if the following scenario

Requirements:
1. Downbreak to the orange line (S/R level 1)
2. I want to see an open/close of a 15min candles below it
3. Price moves up again to Sell area 1

S-L (Stop-Loss): Above the little swing generated when Sell area 1 acted briefly as support
Target: For me the next bigger support level (in this timeframe)

Consider: This trade is based on the 15min chart - therefor levels have less importance than on HTF (Higher-Time-Frame).

Good luck

Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Comentarios:
S/R level 1 taken out. On a retest of Sell area 1 trade will be opened.
Comentarios:

Currently debating if the sell signal was given by this pattern.

After Sell area 1 was engulfed and price fell under it it generated a series of minor lower lows. While i certainly would short again if price approaches Sell area 1 again, i would adjust my S-L for now and would want to watch how price reacts to it.
Operación activa:
Order filled. However because of the strong reaction to the previous engulf i adjusted the Stop-Loss a bit higher as i can imagine price taking out the high of this engulf before going down.
Comentarios:
Seems like it was the right the decision to adjust the Stop-Loss (as i mentioned in the comment above)
Operación cerrada: precio stop alcanzado
Comentarios:
In my second update to this idea: I mentioned that the originally breakdown with the lower swings was the enter signal.

Should have waited for another engulf with breakdown or lower swings under the resistance before entering.
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