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I did not want to trade the 6E today, and the up n down spikes on the 5 minutes charts, were reinforcing this thought, I looked at the 60 min chart and the only trade I wanted to take was on the Support line of the 60 min chart at 1.45. It took some time and 3 contracts for the pullback; the trade was closed with +450 USD
I was monitoring the 6E this morning too and had identified a few important key levels. My assumption was that price could go as low as the Value area Low for the week at 1,4490 and that the next level that would be defended by buyers was at 1,4475. 1,4475 is the starting level where initiative buying took place a few days ago.
The reason why i posted a chart with horizontal volume nodes was to show less risky areas to place some of your entries. You are probably a more agressive trader than i judging from your trades. I don't expect it will change your perspective but we never know it can speak volume for someone else .
A trading colleague told me about this 60min chart as a Head and Shoulders pattern that were forming (at 4am EST) but I had no balls to short it with Trichet speaking.
It was indeed a nice pattern, i prefer to wait for pullbacks from such down legs because i know the move already happened and i am acting accordingly. Unfortunately patterns are not always reliable but this one was a good call.