I'm not going to post like the expert on PB's, however from a traders standpoint you had a good thought process. You posted the first chart with the daily PB and your analysis on it. So you spotted the trade on the day chart and then burrowed down into the smaller TF's for your entry. I rarely go below the 1hr, and I don't know that I would recommend your exact entry if it was only the 5 minute price action, however the fib level was a good level to be looking around for a more exact entry. I think you could have spotted the fib level without going down to the 5 minute.
Personally, I placed 2/3 of my lots on that fib level with decently tight stops above the .618 and then reentered with the last 1/3 on the break of the daily PB with the true, but larger, stop of above the actual bar and nice daily resistance. At this point 2/3 of my position is locked in with no risk, and the other 1/3 has a nice strong resistance for my stop.
Personally, I placed 2/3 of my lots on that fib level with decently tight stops above the .618 and then reentered with the last 1/3 on the break of the daily PB with the true, but larger, stop of above the actual bar and nice daily resistance. At this point 2/3 of my position is locked in with no risk, and the other 1/3 has a nice strong resistance for my stop.
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