Sell below 121.23. Stop loss at 121.83. Take profit at 119.44.
Reason for the trading strategy (technically):
We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing major resistance below the 95% level.
Reason for the trading strategy (technically):
We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing major resistance below the 95% level.
