Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 100% fibonacci extension and 50% fibonacci retracement where we could see a reversal below this level.
Trading Recommendation
Entry: 1.17668
Reason for Entry:
horizontal pullback resistance, 100% fibonacci extension and 50% fibonacci retracement
Take Profit: 1.16959
Reason for Take Profit:
Horizontal swing low support, 61.8% fibonacci retracement
Stop Loss: 1.18221
Reason for Stop Loss:
78.6% fibonacci retracement
