Price is facing bearish pressure from the first resistance level, in line with 76.4% fib retracement and descending trendline resistance where we could see a drop to our support level where the 61.8% fib retracement and horizontal swing low support are. MACD is also showing that more bearishness is possible.
Trading Recommendation
Entry: 77.37
Reason for Entry:
76.4% fib retracement , descending trendline resistance
Take Profit :76.76
Reason for Take Profit:
61.8% fib retracement, horizontal swing low support
Stop Loss: 77.71
Reason for Stop loss:
Horizontal swing high