I got this quite wrong. It seems I developed tunnel vision trying to get an extra trade on my Short, forgetting the bigger picture. As a result I banked +20 pips from my original Short position. Lost a combined -40 pips for trying to set up two extra trades giving a total of -20 overall. It's not the end of the world, but I'm not happy.
As for where we are now, I think price will continue to rise another 150 pips. The issue is we can't just jump in randomly.
There might be a pullback to the pink line and that could be a better option to get in.
For the moment I'm done trading, going to have to just wait and see.
As for where we are now, I think price will continue to rise another 150 pips. The issue is we can't just jump in randomly.
There might be a pullback to the pink line and that could be a better option to get in.
For the moment I'm done trading, going to have to just wait and see.