Buy above 129.34. Stop loss at 128.44. Take profit at 130.66.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 129.34 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 130.66 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 1.45% and we expect a bounce above this level soon.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 129.34 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 130.66 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 1.45% and we expect a bounce above this level soon.