DislikedI entered at 165.37 with stochs 5M/15/30 at 50/50/27, all moving up. Price had crossed the 38.2 fib. Moved up up 4 pips but got stopped quickly at 165.22 for a loss of -15 pips!Ignored
Trading this way is "safer" because you are making an assumption that the daily low/high is in place in order to establish your fib levels. A lot of folks don't like to try and pick daily tops/bottoms.
But on your trade, I see a few things working against you. You entered at 165.37 which was less than 10 pips from a the pivot acting as resistance. Also, the short-term 5M stoch was heavily overbought and due for a short term correction. Either wait for the 5M to make an oscillation, or enter after the pivot and fib50 was broken. Not a criticism, just my view for what it's worth.
Since typing my post, price moved back down to the 165.00 level and turning back up. This is more validation that the 164.85 level will hold for the low of day (LOD)...I see it moving back up to the pivot again