Sell below 133.55. Stop loss at 133.96. Take profit at 131.90.
Reason for the trading strategy (technically):
Price is forming a very strong reversal pattern and we remain bearish below major resistance at 133.55 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, Elliott wave theory) and we expect to see a strong drop from this level to wards 131.90 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 98% and we expect to see a corresponding drop from this level soon.
Reason for the trading strategy (technically):
Price is forming a very strong reversal pattern and we remain bearish below major resistance at 133.55 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, Elliott wave theory) and we expect to see a strong drop from this level to wards 131.90 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 98% and we expect to see a corresponding drop from this level soon.