The answer was very simple. Hikes got bought in the Euro (we'll get into the FA later).
Here is the updated chart with the ONLY 3 short term swing trades this year in the Euro. I added the E (extension of lows) to wrap up the last conversation we had and to put it in REAL LIVE contest.
- Why didn't we break down on Yellen and just extended the lows?, Does it tell you anything?
- Why we didn't break down with NFP confirmation? does a E tell you anything there? and rather went straight those last highs? does a E tell you anything there? Does it tell you anything about whats going on? Should start considering clearing positions or trailing stops if you were short?
- Should you play the reverso? if no when you should look for short again?
- If you decide yes? when? ...etc etc
I hope it helps to put some answers in context.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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