.886 Fib Retracement at 1.2375
Daily Woodie R2 at 1.2367, R3 at 1.2389 (price very rarely goes to daily R3)
from previous significant highs matches
30m approaching overbought. 1H past slightly overbought
US Retail Sales MM coming up really soon (positive forecast)
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
I'll miss those 5 pips
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.