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.
Comment
I'd say we adjust our position to like this. Re-enter now and look to close off slightly earlier :
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.