Sell below 113.76. Stop loss at 114.54. Take profit at 112.13.
Reason for the trading strategy:
Price is approaching major resistance at 113.76 (76.4% , , horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 112.13 support ( , multiple horizontal swing low support).
(55,3,1) is dropping nicely from our 97% resistance with good downside potential.