Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% fibonacci extension and 61.8% fibonacci retracement. Prices might push up towards 1st resistance which is in line with 78.6% fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% fibonacci extension and 78.6% fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Entry: 0.74495
Reason for Entry:
Horizontal swing low support, ascending trendline support, 78.6% fibonacci extension, 61.8% fibonacci retracement
Take Profit: 0.74923
Reason for Take Profit:
Horizontal swing high resistance, 78.6% fibonacci extension
Stop Loss: 0.74312
Reason for Stop Loss:
Horizontal swing low support, 78.6% fibonacci retracement, 127.2% fibonacci extension
