Price is approaching our first support in line with our ascending trend line, 78.6% fibonacci extension, 127.2% and 61.8% fibonacci retracement and horizontal pullback support where we could see a bounce above this level.
Trading Recommendation
Entry: 80.927
Reason for Entry:
ascending trend line, 78.6% fibonacci extension, 127.2% and 61.8% fibonacci retracement and horizontal pullback support
Take Profit: 81.244
Reason for Take Profit:
Horizontal swing high resistance, 61.8% fibonacci retracement
Stop Loss: 80.800
Reason for Stop Loss:
Horizontal swing low support, 100% fibonacci extension