Sell below 1.2420. Stop loss at 1.2610. Take profit at 1.1990.
Reason for the trading strategy:
Price made a push up and reached our profit target perfectly. We now turn bearish below 1.2420 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) for a push down to 1.1990.
Stochastic (34,5,3) is seeing major resistance below the 94% level.
Reason for the trading strategy:
Price made a push up and reached our profit target perfectly. We now turn bearish below 1.2420 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) for a push down to 1.1990.
Stochastic (34,5,3) is seeing major resistance below the 94% level.
