I just saw that it had been 7 weeks straight down and I shorted at f6 retracement. Week by week the trend had been very stable but the moment I shorted price shot up. Will monitor and see.
thx James for the kind advice. Indeed it is obvious that this chart is a downtrend. It will not be difficult to enter a very small position and then look to ride without fearing for volatility. The issues comes if one wishes to look for higher rewards by entering a larger position. That means identifying a stronger confluence of resistance in order to minimize risk, but also a higher chance of getting stopped out with smaller pips for SL. To survive this trade, I could have, should have, downsized to afford more spaces for volatility. Of course, I am still looking for the next rally to get in, since USD is strong at the moment.