Sell below 113.85. Stop loss at 114.18. Take profit at 113.01. Reason for the trading strategy (technically): Price has reached our profit target from yesterday. We prepare to sell below major resistance at 113.85 (Fiboancci retracement, horizontal overlap resistance) for a push down to at least 113.01 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.
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