Price is approaching its 1st resistance (61.8% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support (horizontal overlap support,61.8% Fibonacci retracement,61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Share this post: