Sell below 0.7698. Stop loss at 0.7751. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price is reversing nicely below our major resistance level at 0.7698 (Fibonacci retracement, horizontal swing high resistance) and we remain bearish below this level for a push down to at least 0.7537 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing a nice drop from our 97% resistance level and has good downside potential for our drop.
Reason for the trading strategy (technically):
Price is reversing nicely below our major resistance level at 0.7698 (Fibonacci retracement, horizontal swing high resistance) and we remain bearish below this level for a push down to at least 0.7537 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing a nice drop from our 97% resistance level and has good downside potential for our drop.