Appears that price is approaching and likely to resist off the horizontal overlap resistance in line with the 50% Fibonacci retracement and the 61.8% Fibonacci extension to take support at the 76.2 level. This level is in line with the horizontal pullback resistance, 50% Fibonacci extension and 50% Fibonacci retracement. Our bearish bias is also further supported by how price is holding below the EMA.
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.
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.
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.