Sell below 0.9675. Stop loss at 0.9706. Take profit at 0.9578.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is approaching our 100% resistance once again where we expect a strong reaction from.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is approaching our 100% resistance once again where we expect a strong reaction from.