Price is testing our first resistance, in line with our descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 105.649
Reason for Entry:
descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension
Take Profit: 104.955
Reason for Take Profit:
50% fibonacci retracement and Horizontal swing low support
Stop Loss: 105.820
Reason for Stop Loss:
127% fibonacci Extension, horizontal swing high resistance