Short on Eur/usd

Analysis:-
Price is making its retracement to its daily 38% after a parabolic move for a week. trend for-cast is down
making its first pullback to its 20-ema for short trades till daily 38%
Risk/Reward- 6:1

• Fundamental View : short
  
• Analyst view : short
  
• Major news :Draghi speech (expectation positive for euro)
  

Checklist :-

• Fib Convergence-AD-38 ,CD-61 ,External ab ext- ,cd ext-, swing point-78,
  
• Daily-S/R
  
• Previous-S/R
  
• Round number-1.12800
  
• Harmonic Pattern-triangle
  
• Trend line- 3rd touch
  
• 20-ema
  

Add Confluence:-

• Pivot-
  
• ADR level-
  

LTF-Entry

• Session - london open
  
• Rsi low break(145) - break above
  
• Macd(div) - yes
  

Order cancelled:

no trade due to high momentum + US bank holiday