Price is facing bearish pressure from the first resistance where we can expect a drop below this level to the first support level. Stochastic is approaching resistance as well.
Entry : 1282.78
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1288.97
Why it's good : horizontal pullback resistance, 50% fibonacci retracement
Take Profit : 1266.66
Why it's good : horizontal swing low support, 61.8% fibonacci extension
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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