2) 8-hour chart: price rejecting values above ; oscillator divergence creating a short setup.
3) Oscillator divergence & hook down, confirming short setup.
I missed the entry when it triggered; price has retraced back above entry level, so I'll enter an order to sell at that level (unless prices break above the stop-loss level first).
Entry: sell 17,000 @ 1.08853
Initial stop-loss: 1.09168
1st target: 1.08387 (buy 6,000)
2nd target: 1.07136 (buy 6,000)
Trail stop on remaining 5,000
Gross P/L: - 53.55
Commission: - 1.36
Net P/L: - 54.91
Ending balance: $4,317.15 ( - 1.256%; - 4.063% YTD)
MAE: 31.5 pips (1.000R)
MFE: 15.3 pips (0.486R)