Reason for the trading strategy (technically):
Price is approaching major resistance at 89.11 (Multiple , horizontal pullback resistance, , divergence) and we expect to see a short term correction from this level to push price down to at least 88.36 support ( , horizontal overlap support).
(34,3,1) is seeing major resistance below 98% and we expect to see a strong reaction off this level. We’re also seeing divergence vs price signalling that a reversal is impending.
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