Price is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement, horizontal pullback support and 127.2% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Reason for Entry:
61.8% fibonacci retracement and 127.2% fibonacci extension and horizontal pullback support
Take Profit: 1.80454
Reason for Take Profit:
88.0% Fibonacci retracement and horizontal swing high resistance
Stop Loss: 1.78311
Reason for Stop Loss:
61.8% Fibonacci extension and 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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