EURUSD Short - Intraday trade w/ Justification & Set Up

Supporting evidence/Justification:

1W:

Based on price action, I am favoring short set ups at this time.

1D:

Higher risk trade because price action does not support on 1D chart. It also isn't contrary to trade either. 1D Chart price action indicates possible short after completion of the candle. Rejection of resistance and POSSIBLE bearish price action, but candle needs to complete. There is a strong possibility, based on 1D, that the resistance could be retested.

4H:

Trade supported. Price action reversal candles (pinbar and bear engulfing).

15M

Supports 4H & 1H. There is the support that price needs to break through.


Trade:

Short @1.10553, SL=1.1088, TP=1.1001

Intraday trade. Higher risk, due to chance of reversal. Based on my trade plan, I only risk 1% on this type of trade.

Trade geschlossen: Stop wurde erreicht:

Keeping Score: Loss. 1/2 position size