Price holding below descending trendline resistance and Ichimoku cloud. Price could drop from our 1st resistance towards 1st support at 1.1732.
Trading Recommendation
Entry: 1.1783
Reason for Entry:
38.2% fib retracement, descending trendline resistance
Take Profit: 1.1732
Reason for Take Profit:
161.8% fib retracement
Stop Loss: 1.1821
Reason for Stop Loss:
Horizontal swing high
