Price holding above moving average and ascending trendline support. A further push up above intermediate support at 78.091 towards 1st resistance at 78.462 can be expected. As long as price holds above 1st support, bullish idea remains intact.
Trading Recommendation
Entry: 78.091
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline support
Take Profit: 78.462
Reason for Take Profit:
Graphical swing high
Stop Loss: 77.865
Reason for Stop Loss:
61.8% Fibonacci retracement
