Prices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement . If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Stochastics is also approaching resistance of 93.75 level, potential for reversal.
Reason for Entry:
78.6% Fibonacci retracement, 78.6% Fibonacci extension
Take Profit: 1.09206
Reason for Take Profit:
Horizontal swing low support, 127.2% Fibonacci extension, 161.8% Fibonacci retracement
Stop Loss: 1.09790
Reason for Stop Loss:
Horizontal swing high resistance, 161.8% Fibonacci retracement, 161.8% Fibonacci extension
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
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