Eu was a massacre for the early hours of the London session, I set a pending buy stop 4 pips (2 + 2 spread) above the ZEW candle it put me in a trade and as I was looking at it, I started to worry about it and closed it for a mere 12 pips profit as it failed to stay up there (previous price structure around the 1.0710-15 levels).
It then proceeded to drop, and I had to leave at this point, so basically TP would've been hit despite the numerous resistances obstructing the way up. I'm happy I didn't risk it, because I may have taken it for a loss instead of holding it out, even though my stop was pretty tight (I used m15 swings to set it, so it was about 20-25 pips away from entry). Oh well..
It then proceeded to drop, and I had to leave at this point, so basically TP would've been hit despite the numerous resistances obstructing the way up. I'm happy I didn't risk it, because I may have taken it for a loss instead of holding it out, even though my stop was pretty tight (I used m15 swings to set it, so it was about 20-25 pips away from entry). Oh well..