doubtful that eur will escape range

i'm still terrible at this but i think this is a great way for me to keep a journal


ECB news :
www.wsj.com/articles...-eurozone-1524582210

US Jobless claims:
www.reuters.com/arti...t-week-idUSKBN1HQ1QY

upcoming news regarding us jobless claims and eur refinancing

Comment:

okay, price escaped but it looks like it's correcting as of 2100 EST. fundamentals suggest temporary escape from range with ECB refinance rate announcement. long term expecting price to skip along resistance while continuing with trend

ALTHOUGH

there is a bearish engulfing pattern as of 0425 at 1300 into 1700 with indecision occurring before the set. i'm probably not going to take the trade and wait and see

Comment:

ahhh!!!!!!!!!!!!!! i blew it. i should have shorted it

Comment:

my hunch about the bearish engulfing pattern was right on the money. i didn't pay attention to where it was occouring. this paired with the EUR ecb rate announcement should have been a tell tale sign to short the damn thing