Price is facing bullish pressure from our first support, in line with our 38.2% fibonacci retracement and horizontal overlap support where we could
see a further bounce above this level. Both the Ichimoku cloud and 20 period EMA are showing signs of bullish pressure .
Trading Recommendation
Entry: 1882.29
Reason for Entry:
38.2% fib retracement
Take Profit: 1916.33
50% fib retracement
Stop Loss: 1849.64
Reason for Stop Loss:
Horizontal swing low
