The price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support line and also support at 88.46 (Fibonacci retracement, horizontal overlap support) to trigger a bearish move from here towards 86.69 support (Fibonacci retracement, horizontal support).
RSI (34) sees major bearish divergence vs price signaling that a reversal is impending. We can also see a bearish exit as a precursor that a reversal on price is impending.
Sell below 88.46. Stop loss is at 89.21. Take profit is at 86.69.
