Sell below 136.10. Stop loss at 136.38. Take profit at 135.03.
Reason for the trading strategy (technically):
Price is now testing major resistance at 136.10 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to price down to at least 135.03 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% and we can see bearish divergence vs price signalling that a reversal is impending.
Reason for the trading strategy (technically):
Price is now testing major resistance at 136.10 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to price down to at least 135.03 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% and we can see bearish divergence vs price signalling that a reversal is impending.