On the H4, price has broke through the second support 18540.00 where the previous swing low sits and reflected back up above the first support at 19557.00 where the 78.6% Fibonacci retracement sits. Price could possibly go back and break through the second support area.
Trading Recommendation
Entry: 19391.00
Reason for Entry: Price has came back up to the 61.8% Fibonacci retracement
Take Profit: 18271.00
Reason for Take Profit: Previous swing low area
Stop Loss: 20187.00
Reason for Stop Loss:Previous swing high
