M15: A little too high of bear momentum but I am first getting ready to buy this dip... Stepping down to M1...

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M15: Now I watch 1.1555 for potential support. Really choppy day!

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I think for the remaining part of the day decision is up to YOU! I will go both ways... selling and buying at both edges as long as one resists and the other supports... you decide for yourself.. *Just know that overall, BEARS have the upper hand ...

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So far no signs of bears.. even on M1... Waiting! Edit: aaaaa! here they come...

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M15: Watching candle behavior around 1.1564 ... Yes I am thinking of giving bears one last chance!

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I checked H1 chart real quick and now I decided to stay bearish on M15.. Bears have still some window of opportunity to protect the bear trend! AS LONG AS H1 candles open below 1.1564

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M15: for me, still too early to buy the dip... waiting for best entry...

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Got stopped out... -8 pips... So it could be that bulls really want to retest D1 resistance around 1.1588 by skipping H4 resistance... M15: Leaves me no choice other than to switch back to buying dips up until 1.1588 where I will look for short ...

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Just opened sell order at 1.15542 *Initial stops should not be lower than 1.1562... Min. Risk: 8 pips...

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Stepping down to M1 to look for precise short entry...

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M15 Chart Update...

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H4 candle just closed below... 1.1560 area resistance is still valid... I keep chasing new short opportunities on M15... Will sell as high as I can... No rush!

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M15 new situation tells me to postpone selling... H4 resistance is violated (not broken yet, can tell after H4 candle close) and no bearish violation yet... Watching! *D1 resistance sits at 1.1588... Maybe that's what banks are trying to reach ...

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Once again, stepping down to M1 to get a precise short entry..

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M15: I am chasing new short order... no rush!

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Long order got stopped out at 1.1546 with +10 pips... Waiting on sidelines...

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In my experience I see that it occurs everywhere.. The mid point of any long-ass candle in the region can serve as crucial level. But of course: the smaller the timeframe the lower the significance... *Also please note: this is not something very ...

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Trailing stop to 1.1546.. (+10 pips locked)

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Mate.. I always keep it simple.. nothing fancy.. no rocket science here... I use the same logic: the middle of long candle body often acts as good resistance.. that's what applies here.. I hope it clarifies...

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M15: I am monitoring behavior around 1.1546... That's what bears have to defeat next... Let's see..

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