I took many losses today from RBA rate cut...aussie supposed to be weak, but it became very strong.....and i made the same mistake...tried to make some pips hoping that market will retrace...while it was very bulish!!
as my experience, it is very unwise to short in a bulish market...better to wait for confirmation of bearish setup!
I personally believe EURUSD will break the resistance in the future and go higher. For scalp reversal plays, I like to play it safe by taking profits at the next support level to the resistance, thus 1.11348. Thanks for commenting!