(Click on the Daily chart to enlarge it)
Prices are clearly locked in a major Trade Range. On Oct 25th prices formed a Tripple-Top at the top of this Trade Range at price area 138.35/70, dropping almost 800 pips to then correct and form a nice Evening Star with a very clear Hanging Man on Nov 05th.
So my strategy is to SELL SHORT at the following scenarios:
*) SELL SHORT at any important resistance, specially at price area 134.39/53 and 134.80.
*) SELL SHORT at a break and a throwback to 133.22. If this Bearish Trend resumes thus my SHORT trades work, their LIMITS are: 131.05, 129.05, 127.03 and finally 124.40.
If I´m wrong I´ll enter LONG at break and a throwback to 135.15 with LIMIT 136.00
