Sell below 1.3452. Stop loss at 1.3529. Take profit at 1.3229.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.3452 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect a corrective drop from here to at least 1.3229 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,3,1) is seeing major resistance below 96% and bearish divergence vs price signals that a reversal is impending.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.3452 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect a corrective drop from here to at least 1.3229 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,3,1) is seeing major resistance below 96% and bearish divergence vs price signals that a reversal is impending.