DislikedLong here too, playing number 2. I was short the first breakout fakeout as well so gave back all my profits ;(/Ignored
Enox, I know it's easy to say now, but you saw a big runner of around 150 pips from high to low. You almost had no stalling and you see a continuation: big risk. I think (expectancy) it's reasonable a stalling process now, probably for a couple of hours more. Same with the upside, although a breakthrough there it's more keen to move, for profit taking reasons from the sellers all the way down. I asked FX about this last week and, again, I think we should always ask ourselves what we can expect from a given deal, WHAT....IF process, etc, etc.
Hope it helps.