Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Entry: 88.998
Reason for Entry:
Ascending trendline support, horizontal swing low support,61.8% Fibonacci retracement, 100% Fibonacci extension
Take Profit: 89.353
Reason for Take Profit:
-61.8% Fibonacci retracement, 127.2% Fibonacci extension
Stop Loss: 88..837
Reason for Stop Loss:
Horizontal swing low support, 50% Fibonacci retracement, 161.8% Fibonacci extension
