Price is approaching our 1st support, which is in line with our 61.8% Fibonacci retracement, 127.2% Fibonacci extension, and ascending trendline support. We could potentially see a bounce at this level as price continues to hold above the ascending trendline support, and a further push up towards our 1st resistance, which is in line with our 127.2% Fibonacci extension and horizontal swing high resistance. It is worth noting that price continues to hold above the ascending trendline and moving average support, in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.