Thats correct. This is a 5 minute chart. From what I know heres the way I think I'd look at it. Even though the consumer sentiment is simply yellow it seems that it transfer the pound in favour of the dollar. Which is was a positive report for the dollar. I'd say the high was established at 7:20 and with it retracing after consumer sentiment report at around 10 am I'd probably think I overlooked the retrace. This is a humorous day due to 10:30am the range to the pound dollar had just been 50 pips. Which the pound because 2006 has stayed in that range 4 times because 2006 and much less then 60 nine times. I'd be thinking a significant deal or probably again basing my thinking on the 9am news announcement it may go down again. Which of course it went up. Thats a fantastic one because of little movement up to this point.
But of course when it spiked up I'd have gathered my wits and entered later off of the spike to hit a at .50 You know what I mean. Who knows perhaps I would have. I shouldn't make fun of me.