Buy above 131.73. Stop loss at 131.33. Take profit at 132.38.
Reason for the trading strategy (technically):
Price is whipsawing a lot due to volatility. We remain bullish above 131.73 support (Fibonacci extension, horizontal support) for a push up to at least 132.38 resistance (Fibonacci retracement, horizontal overlap resistance, bullish divergence).
Stochastic (55,3,1) is seeing nice support above 3.1% and also sees bullish divergence vs price signalling that a bounce is impending.
Reason for the trading strategy (technically):
Price is whipsawing a lot due to volatility. We remain bullish above 131.73 support (Fibonacci extension, horizontal support) for a push up to at least 132.38 resistance (Fibonacci retracement, horizontal overlap resistance, bullish divergence).
Stochastic (55,3,1) is seeing nice support above 3.1% and also sees bullish divergence vs price signalling that a bounce is impending.
Trade closed: target reached:
Money in the bag once again! Whoo! It certainly did whipsaw as expected but finally bounced to our profit target ;)
PM if you need his whatsapp/telegram.
He's not cheap though but if you're really serious you can give him a shot.