Prices are facing bullish pressure from horizontal swing low support and ascending trendline support, in line with 100% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up further towards 100% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence. If prices push down further, prices might take support from 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Entry: 1.21752
Reason for Entry:
Horizontal swing low support, ascending trendline support, 100% Fibonacci extension, 78.6% FIbonacci retracement
Take Profit: 1.22786
Reason for Take Profit:
100% FIbonacci extension, -27.2% Fibonacci retracement
Stop Loss: 1.21262
Reason for Stop Loss:
127.2% Fibonacci retracement, 161.8% Fibonacci extension