Playground Price action

Rules

 

1. Simple just link chart with red rectangle with price action in the middle and tell what you can see
2. EMA 20 is only allowed indicator.
3. Next person Reads price action and writes what see bar by bar or only what is like all say meat and potatos in a chart then put on of her/his own.

http://charts.mql5.com/4/158/eurusd-...al-markets.png

Price in a range, coming off the low. Retests the pivot, the retraces. Second attempt is weaker (after the fractal), indicating the buyers have given up. Price drops to R2, where it ranges for a while, then breaks even lower.

EMA 20 is only allowed indicator ?!

Price break the ema for down.
My entry it´s in the opening of the next candle. (the first red candle in the rectangle)
My SL it´s in the last high. (the big red candle, out of the rectangle)
Then something happens?! ... the price reverse ... and get my SL.
... and after that, the price continues for down ... and I´m out, again and again and again.
Now I want revenge!