eurusd - M5 - short
1] bearish divergence above mR1 ending with shooting star and bearish engulfing pattern (grey ellipse).
2] mR1 taken out with a longish candle.
3] entry 1 below that area at 1.0945 after a nice LH.
4] entry 2 after re-emerging below ma zone after printing a bunch of hanging men (blue ellipse).
5] exit near DP 1.0908
6] s/l above LH where marked at 1.0961 updated progressively above new peaks as they form.
7] trade value = 37 + 17 = 54 pips.
8] quite a lazy trade -- took about 5 hours!
1] bearish divergence above mR1 ending with shooting star and bearish engulfing pattern (grey ellipse).
2] mR1 taken out with a longish candle.
3] entry 1 below that area at 1.0945 after a nice LH.
4] entry 2 after re-emerging below ma zone after printing a bunch of hanging men (blue ellipse).
5] exit near DP 1.0908
6] s/l above LH where marked at 1.0961 updated progressively above new peaks as they form.
7] trade value = 37 + 17 = 54 pips.
8] quite a lazy trade -- took about 5 hours!