Price is facing bullish pressure from our first support and ascending trend line where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Reason for Entry:
Ascending trend line, horizontal pullback support, 61.8% fibonacci retracement, 100% fibonacci extension
Take Profit: 1.37332
-27.2% fibonacci retracement
Stop Loss: 1.36171
Reason for Stop Loss:
horizontal swing low support
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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