Spotted this one today and thought you might be interested.
Short at 98.30
Stop at 99.30
Limit at 95.30
RR: 3 to 1
Risk: 1%
Trade Rationale: Sell at break of consolidation at 61.8% fib level, with hidden bearish continuation divergence to support.
Hidden bearish divergence signals either a continuation or a bearish reversal. We're in a down-trend here, so it can only be signalling continuation. It occurs where price action gives a lower high, and the oscillator (in this case the Stochastic) gives a higher high.
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