Sell below 0.7885. Stop loss at 0.7978. Take profit at 0.7696 Reason for the trading strategy (technically): Price has finally broken our ascending support line triggering a strong bearish drop as expected from here. We look to sell on strength below major resistance at 0.7885 (61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence) for a drop to at least 0.7696 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,3,1) is also testing major resistance at 98% and we can see bearish divergence vs price signalling that a reversal is impending. The recent bearish exit has forecasted well the drop we expected on it. We still have some downside potential for our drop.