EURUSD Short - Woodie, Fib Retracement, Trendline

OANDA:EURUSD   Euro / U.S. Dollar
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 active: Entered at 1.2365
I'll miss those 5 pips
Comment: 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 closed: stop reached
Comment: Looking back at it, it never had any short term bearish divergence. My mistake
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out