These are the best days for trading if you know what to look for. Try to sim trade at least 100 of these events. Every major meeting of central bankers , CAD, EUR, GBP. You will develop a feel of when to fade and when to follow. You also know that these moves can be super 1 directional so you better get in or get the hell out of the way. You also have to use much smaller sizes if possible due to the volatility of the moves.
This was absolute brutal... USA raised + good retailnumbers; nothing positive from EU... Too much all together; so it blew through all technical levels. Should have been warned; didn't like the last couple of days. You've done better than I and kept reasonable cool. I tripled down trying to catch a long; you can guessed how that ended...
At 1.1648 I'm just waiting for my trigger signal to give me permission to enter a EURUSD long position.
I saw a good mean reversion signal too. How far are you expecting it run? I wouldn't touch it until an hr candle prints a bullish engulfing, but that's just me. I'm waiting for that, and then waiting for the hr bearish engulfing to enter short, and hopefully hold for a while. The EURUSD is a slippery fuck though.
Since the pair is bearish, I would be happy to see it reach 0.7485 or 0.7501 at the most. If it does get to either level, I will then have to reassess.