short position closed at BE

FX:EURUSD   Euro / U.S. Dollar
The bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows higher volumes. So structure is looking bullish , but price action is casting some doubt over this for me for now. Secondly: This is a 15min view pattern... Given the fact that the US Session will be slowing and seeing decreased volumes, this is unlikely to carry any real momentum overnight simply as there will be minimal fuel in the tank throughout the asian session. I am unlikely to trade this tomorrow as its NFP.


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