Price reversed and broke above ascending trendline resistance (now support). A further push up above 1st support at 126.271 towards 1st resistance at 126.523 could be possible. RSI indicator also reacted above support where price bounced in the past.
Trading Recommendation
Entry: 126.271
Reason for Entry:
61.8% Fibonacci retracement, descending trendline support
Take Profit: 126.523
Reason for Take Profit:
-27.2% Fibonacci retracement, Horizontal swing high resistance
Stop Loss: 126.147
Reason for Stop Loss:
Horizontal swing low support
