Price is testing the descending trendline resistance and could reverse from our first resistance, in line with our horizontal swing high resistance, 78.6% Fibonacci retracement and 38.2% Fibonacci extension, towards our first support, in line with our 78.6% Fibonacci extension and horizontal swing low support. Price continues to trend below the Ichimoku cloud as well, showing signs of bearish pressure in line with our bearish 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.