It was a perfect setup.
H1 suggested this was good as well.
What was disappointing was hitting too large a position before setup had been confirmed!
I had entered out of eagerness and it was before price had cleared the level, which i did not have as i traded from a fresh chart.
Lesson learnt: There is always time to enter the trade. 1-5 minutes does not matter as market always give a second, or third time to reenter at the price that I want.
Never, never, never chase the price. The market is always there, the spike is always there.
My realization is that d1LC and MY Levels helps a lot to spot the turning points. Michelle testing is extremely crucial to make entries a success.
By entering short for this EURSGD, it also meant that ” I am trying to catch the reversal of the 6-10 days move. Which puts probability not on my side. “A more reliable trade will be when h1 box had turned to my intended direction, then I go ahead to short it