Price is facing bearish pressure from our 20 EMA and Ichiomku cloud where a break below our downside confirmation level could provide a bearish acceleration to our first support target.
Trading Recommendation
Entry: 136.539
Reason for Entry:
78.6% fibonacci extension, Horizontal pullback support
Take Profit: 134.059
Reason for Take Profit:
Horizontal overlap support, 78.6% fibonacci retracement
Stop Loss: 138.120
Reason for Stop Loss:
Horizontal pullback resistance, 23.6% fibonacci retracement
