I took a long trade on the Swissy this morning (10am GMT) as I had a significant level at 0.90641 marked out. That level was based on yesterday’s Asian low and had been tested several times during the London open as well as a couple of times in the past couple of weeks.
Stop run candle broke the level by 3 pips so it was valid, second candle confirmed up. There was no need for a pull back as it was well within the 15 pip range for entry.
I ended up closing this manually at break even as I saw the trade go against me and looked like there was a stop run against my trade at the upper sig level.
Was a little hesitant and unsure of the trade after opening as there was so much sideways movement and looked like it was testing some level.
After speaking with Sterling, he reminded me that I should be consistent with the way I close trades and that in this instance I should have closed at the start of the NY open or moved to BE.