Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is on major support (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.
Reason for the trading strategy (technically):
Price is on major support (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.