EURUSD approaching major resistance, prepare to sell
מעודכן
Sell below 1.1835. Stop loss at 1.1887. Take profit at 1.1672.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.1835 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level to push price down to at least 1.1672 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 95% along with bearish divergence vs price signalling that a reversal is impending.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.1835 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level to push price down to at least 1.1672 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 95% along with bearish divergence vs price signalling that a reversal is impending.
הערה
I'd say we adjust our position to like this. Re-enter now and look to close off slightly earlier :כתב ויתור
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