Description :
Price is approaching our first support, in line with our ascending trend line, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic and ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Trading Recommendation
Entry: 1734.18
Reason for Entry:
ascending trend line, 61.8% fibonacci retracement and 100% fibonacci extension
Take Profit: 1748.18
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1723.81
Reason for Stop Loss:
horizontal swing low support.