Price broke below ascending trendline support (now resistance). Price is also below moving average as well. A further drop below 1st resistance at 41.77 towards 1st support at 39.21 is possible
Trading Recommendation
Entry: 41.77
Reason for Entry:
38.2% Fibonacci retracement, Ascending trendline resistance
Take Profit: 39.21
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 42.35
Reason for Stop Loss:
61.8% Fibonacci retracement
