I should never have been shorting this pair. Although the weekly 3SMA (high) was rolling over, the general trend was up. In fact, earlier in the week I'd declined a long opportunity as we had not reached ATR...shit! So, although there were merits to the setup, I was approaching the market from the wrong side, which is what annoys me most about this loss.
Overall, I'd score it 7/10, which is not good enough, particularly when risking 10%. Although losses are part of the game, this one hurt and I'm slightly upset with myself. It's been a tough couple of weeks, forever on the back foot, scrambling out of trouble, before finally succumbing. Trade selection has been average, and winners seem a long way away.
