2) 8-hour chart: price in the area of potential MA resistance and & oscillator divergence creating a short setup.
3) Oscillator hook down from overbought zone.
I missed the entry when it triggered, and now I'm waiting for a retracement back to the entry level.
Entry: sell 41,000 @ 1.08600
Initial stop-loss: 1.08733
1st target: 1.08224 (buy 16,000)
2nd target: 1.07705 (buy 14,000)
Trail stop on remaining 11,000
Gross P/L: - 54.94
Commission: - 3.28
Net P/L: - 58.22
Ending balance: $4,372.06 ( - 1.314%; - 2.843% YTD)
MAE: 13.4 pips (1.008R)
MFE: 9.0 pips (0.677R)