GBPCHF 1HR Short - PA Completed

Entry: Active
Feeling: Neutral towards confident
Standing by

Update:
The moment I entered, almost mins later, I hit my SL. RE-entered again for a better price. Feeling confident now that this trade should work in my favor
Standing by

Update 2: Trade is going well in my favor. I was a little concern earlier as this price might hit an area of the mess found on the lower money spot area. But in one of Navin's video that I learned, this area is a cleared area of the buyers. Meaning that all buyers are gone in this area because of the recent strong sell down. I'm not exactly sure what Im saying is correct. But this will get clearer as I trade more. Standing by

Update 3: Price has indeed spike up here. Looks like my understanding of Navin's video was not enough. If the sellers are weak looking here. Buyers are still willing to step in. But if Sellers sold strongly a couple candle before, Buyers might actually quit. This might be the understanding that I should have applied
Watching further to see if I need to close this trade.

Update 4: Not feeling confident here. So I have manually closed this trade for a small profit. My thought now tells me that money spot needs more time to develop before we can confirm an entry. Standing by to see if I can enter another trade here

Update 5: The price has actually moved in my favor if I held on. But there is a confusing state of the price action here. It looks like 60M sellers are strong reading it from the further right. While Buyers are looking strong also reading from the more recent price. However, if we always follow the big boys. We should end up in the right direction.  No trade done here. Just some thoughts. What could I have done better? Post analysis later when price matures further.

Post Analysis

Scrolling right to the top of this post, you can see that I actually posted 60M time frame pre-analysis. I redo it again here to show that the analysis on the 60M is accurate but I went down to the 15M to do another pre-analysis there. This probably must have caused me the confusion. If I stick to the 60M TF for analysis and entered short with the right SL level, I won't have hit by my SL. But because I went to the 15M to find my entry, the SL was much smaller, so it's not surprising that my SL was hit on the 15M Time frame.

Lessons learnt. If you do the analysis on a particular time frame, stick to it when entering a trade. Going down to the lower time frame will generally cause confusion. Now, since we are getting the story the sellers are strong inside this range, will price break out of the purple range below?