EURUSD Short - Gartley, Trendline, RSI, Woodie
Just for myself. Still testing out what works and what doesn't
Feedback is always appreciated
Short at 1.242
PT 1.233, 1.226
Gartley completes at .786 - BC projection leg is a bit too short but it should be valid (1.23, min 1.27)
Strong resistance - trendline
Woodie daily pivot R1, near last week R2. Lots of weekly Woodie resistances around that area
RSI 1H, 4H approaching strong overbought (for real this time)
Bearish divergence
.886 Fib retracement from last big Cypher
London session starts in 20min. Should push price to 1.242
I don't think it'll go past 1.245. If it does there wasn't enough bearish divergence; should pay more attention to it
Feedback is always appreciated
Short at 1.242
PT 1.233, 1.226
Gartley completes at .786 - BC projection leg is a bit too short but it should be valid (1.23, min 1.27)
Strong resistance - trendline
Woodie daily pivot R1, near last week R2. Lots of weekly Woodie resistances around that area
RSI 1H, 4H approaching strong overbought (for real this time)
Bearish divergence
.886 Fib retracement from last big Cypher
London session starts in 20min. Should push price to 1.242
I don't think it'll go past 1.245. If it does there wasn't enough bearish divergence; should pay more attention to it
Comment:
Looks like a missed trade. Should have looked at previous Woodie weekly and made my Fib short term to enter at 1.241/113% extension. Wait for pullback to enter maybe?
Trade closed: stop reached:
It'll go to 1.3955 before potentially bouncing back up, but I hit my stop loss. Should have paid more attention to daily pivots
Comment:
Whoops, wrong idea