BTW, I have a new experience regarding 1min... If watch it not when price is in "no man's land" between the important levels it's indeed very noisy. But if concentrate on 1min action around significant areas, then picture becomes much more clear and easily readable and really offers absolutely awesome risk/reward trades with a very low risk... Very exciting new experience it is!
What is your trigger for this trade? I just can't figure out what would get you in so early on this one. I wouldn't have considered it as a reversal downwards until it broke through the bottom channel, but that wouldn't have gotten me in until 71 at best. Clearly there's a lot of reversal patterns I can't recognise...
you can really see those micro dynamic of a trade, from the start to finish with that.. can also see them in indicators on da 1min..
Macro Viewpoint: http://www.bloomberg.com/apps/news?pid=20601085&sid=af5eF2o2v7ts econ is softening , they don't have to emphasize raising rates so disparity between USD and EUR will soften also. http://www.bloomberg.com/apps/news?pid=20601110&sid=axUCnONcpifE Fisher further hints at U S rate increase further softening disparity between currencys. Macro chart: