Price is approaching our first resistance, in line with our horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 74.693
Reason for Entry:
horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension
Take Profit: 74.385
Reason for Take Profit:
Horizontal swing low support, 50% fibonacci retracement
Stop Loss: 74.871
Reason for Stop Loss:
61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance