I wrote in my notes this morning of a possible very high risk long trade E/U. I saw 4H and 1H bullish engulfing candles also green MACD (first bar on the CT) on 1H and 4H and the 1H closed above the 21. I didnt take the trade as the R/R was crazy and the stop was also massive.
Of course it is only now of relevance because of the Fed intervention which moved price around 200 pips from that initial entry point. If that hadn't of happened it may not have looked so sexy now...
Of course it is only now of relevance because of the Fed intervention which moved price around 200 pips from that initial entry point. If that hadn't of happened it may not have looked so sexy now...