Price is facing bullish pressure from our first support in line with our horizontal pullback support, ascending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Reason for Entry:
horizontal pullback support, ascending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension
Take Profit: 75.451
Horizontal swing high resistance
Stop Loss: 74.444
Reason for Stop Loss:
38.2%, 61.8% fibonacci retracement, horizontal swing low support and 100% 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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