Price bounced off its support 82.67 where we expect it to rise further to its resistance at 83.49. Stochastic has bounced off near its support as well. A bullish divergence with price has been identified, which adds to our bullish bias.
Entry : 82.18
Why it's good : horizontal overlap support, l61.8% fibonacci retracement, 61.8% fibonacci extension
Stop Loss : 82.18
Why it's good : 78.6% Fibonacci retracement
Take Profit : 83.49
Why it's good : horizontal pullback resistance, 50% fibonacci retracement
