$ENSO Why is it said that ENSO is currently trapping longs?

Look correctly at the candlestick you sent (M15):
1. Draw straight up to 1.86
• Creates a “breakout – about to go to 2.0” feeling
• Long FOMO jumps in en masse
2. Immediately afterward, a completely engulfing red candle
• Closes straight back at 1.66
• Long upper wick → very strong sell-off at the top
3. Volume spikes
• Not buying, but selling into the long

👉 This is a very clean bull trap, textbook level.

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How to correctly interpret ENSO now?
• 1.86 = temporary peak
• A quick 10% drop in one candle → big money has sold
• Long FOMO is stuck at the top

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❓ Should I short now?

⚠️ NOT chasing a short RIGHT NOW

Because:
• The red candle is too long → prone to technical rebound
• Shorting immediately can easily be pulled back a notch

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✅ RIGHT PLAN AT THIS TIME

🎯 Wait for a rebound to short
• Rebound zone: 1.72 – 1.78
• Stop Loss: above 1.90
• Take Profit:
• TP1: 1.62
• TP2: 1.52
• TP3: 1.42
• Deep TP: 1.33

🔁 Or short when clearly broken:
• If it drops below 1.60 with a strong M15 candle
• Retest 1.60 but cannot go up → short

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🚫 Absolutely avoid
• ❌ Long because of a strong drop “sure rebound”
• ❌ Short chasing immediately after a long red candle
• ❌ Entering a trade out of spite