I skipped the short entry simply because the long price structure is more recent. If the second peak would have reached the 3 touch bar lows, I would have shorted it. Getting that close to an entry twice like that and retreating invalidates the setup for me every time.
Scott
Scott
DislikedNot Tom, but my thinking about which way to go was pretty much all about the pattern. My knowledge of fundy eco macro news stuff is limited to "not a lot", so although I listen and try to keep aware of all that information (and it is a lot) my interpretation of what it all means is inadequate when it comes to laying my money down on the table.
I guess this is the "Draghi trade"
Looking at the structure of previous price movement and that 3-4 point resistance zone built up around our famous 7819 which itself was only 10ish pips...Ignored