MEX_Exchange
Short

EURUSD Right On Resistance, Time To Sell

FX:EURUSD   Euro / U.S. Dollar
EURUSD             is reversing nicely below strong resistance, good opportunity to start selling.

Sell below 1.2354. Stop loss at 1.2385. Take profit at 1.2295.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.2354 ( Fibonacci retracement , horizontal overlap resistance, Fibonacci extension ) and a strong reaction could occur at this level to push prices down all the way to 1.2295 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

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I applied the same take profit, apparently I could have make more but that was good enough :)
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