Prices are facing bearish pressure from horizontal swing high resistance which is in line with 100% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance in line with horizontal swing high resistance in line with 127.2% Fibonacci extension. Stochastics is facing resistance from 88.66 level, potential for further downside!
Trading Recommendation
Entry: 0.70675
Reason for Entry:
Horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement
Take Profit: 0.70140
Reason for Take Profit:
Horizontal swing low support, 161.8% Fibonacci extension, 127.2% Fibonacci retracement
Stop Loss: 0.70889
Reason for Stop Loss:
Horizontal swing high resistance, 127.2% Fibonacci extension
