Price holding above both moving average support and ascending trendline support. A further push up above 1st support at 82.193 towards 1st resistance at 83.583 could be possible. MACD is above 0 as well, showing room for further bullish momentum.
Trading Recommendation
Entry: 82.193
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline support
Take Profit: 83.583
Reason for Take Profit:
127% Fibonacci extension
Stop Loss: 81.167
Reason for Stop Loss:
Recent swing low
