Sell below 1.1878. Stop loss at 1.1949. Take profit at 1.1747.
Reason for the trading strategy (technically):
Price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 1.1747 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.
Reason for the trading strategy (technically):
Price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 1.1747 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.