Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 1.97019
Reason for Entry:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support
Take Profit: 1.97718
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.96725
Reason for Stop Loss:
100% Fibonacci extension and horizontal swing low support
