Price may be reversing from the 1st resistance at 81.353 at 61.8% Fibonacci extension towards the 1st support at 80.612 in line with 61.8% fibonacci retracement and 61.8% fibonacci extension. Otherwise price may rise to 2nd resistance at 81.613
Trading Recommendation
Entry: 81.353
Reason for Entry:
61.8% Fibonacci retracement
Take Profit: 80.612
Reason for Take Profit:
61.8% Fibonacci retracement and 61.8% Fibonacci extension
Stop Loss: 81.613
Reason for Stop Loss:
Horizontal swing high
