Reversed Nicely Off Its Resistance, Further Drop Expected

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.2378. Stop loss 1.2455. Take profit 1.2233.
Reason for trading strategy:
EURUSD reversed nicely off its resistance at 1.2378 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap resistance) where we expect it to fall to its support at 1.2233 (61.8% Fibonacci extension , 78.6% Fibonacci retracement ). We have also identified another resistance at 1.2455 (100% Fibonacci extension , 76.4% Fibonacci retracement , multiple swing high resistance).

Stochastic (55, 5, 3) has reversed off its resistance at 97% where it still has a lot of downside potential.
is this trade active?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out