EURUSD Short - Woodie, Fib Retracement, Trendline

Just for myself.

.886 Fib Retracement at 1.2375
Daily Woodie R2 at 1.2367, R3 at 1.2389 (price very rarely goes to daily R3)
Trendline from previous significant highs matches
RSI 30m approaching overbought. RSI 1H past slightly overbought
US Retail Sales MM coming up really soon (positive forecast)


Entry 1.237
Stop Loss 1.2389
Profit 1.2257 (watch price action around 1.235/1.233

Notes: Should have entered earlier, need to wake up sooner. Price should bounce from .786 Fib at least once more. If not, enter after confirming Retail Sales MM

Trade ativo:

Entered at 1.2365
I'll miss those 5 pips

Comentário:

Retail Sales higher than expected (F 0.4, A 0.6). Price is going up however.
RSI 1H is pretty much overbought.
I'll re-enter the trade in case my stop loss is hit.
As a sidenote, I should enter at Fib retracements/extensions and not Woodie pivots.

Trade fechado: stop atingido

Comentário:

Looking back at it, it never had any short term bearish divergence. My mistake