Sell below 0.7543. Stop loss at 0.7612. Take profit at 0.7416. Reason for the trading strategy (technically): Price is in a strong bearish channel and we’re expecting more bearish momentum from price. Major resistance remains at 0.7543 (Fibonacci retracement, horizontal overlap resistance, channel resistance) and we expect a drop from here to push price down towards 0.7416 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction is expected.
Freaking Perfect!
I am going to follow you closely.
Thank you.
Mike