Reason for the trading strategy (technically):
Price continues to test our major selling area resistance. We remain looking to sell at 0.9903 resistance ( , horizontal overlap resistance, divergence) for a corrective drop to at least 0.9784 support ( , price gap).
(34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from. We can also see divergence vs price signalling that a reversal is impending.