DislikedAhdat, I actually have a good one to show off too... EU/US. I got the entry somewhat based on the confirmation and it worked out well in hindsight. You might also notice on the chart that there is a pending order that never got filled. For the sake of studying chart, I'd like to have your insights how you would mark the chart. - Usually, I look at the extreme of the edge, in this case, I placed a pending order. Since it never got filled, I think I marked it wrongly. Do you think the position 3 is a legit level to work? If yes, what would you do...Ignored
Above the area of your position 3 will be many more stops because people now see a clear area of 'resistance and etc'. So when price starts making its way back, it may go for an untouched flaglimit etc above your pos3 if there are any(look left on htf too), or it may just take the stops at the new resistance formed.