Price is approaching our first support in line with our horizontal swing low support, 100% fibonacci extension and 78.6% fibonacci retracement where we could see a bounce above this level to our resistance target. Stochastic is approaching support as well, in line with our bullish bias.
Trading Recommendation
Entry: 1.26731
Reason for Entry:
horizontal swing low support, 100% fibonacci extension and 78.6% fibonacci retracement
Take Profit: 1.27344
Reason for Take Profit:
horizontal overlap resistance, 38.2% fibonacci retracement
Stop Loss: 1.26340
Reason for Stop Loss:
horizontal swing low support
