Price is approaching our first resistance where we remain bearish below this level.
Entry : 1.1227
Why it’s good : horizontal overlap resistance, 38.2% fibonacci retracement
Stop Loss : 1.1277
Why it’s good : 76.4% fibonacci retracement, horizontal pullback resistance
Take Profit : 1.1139
Why it’s good : horizontal swing low support
The material has been provided by InstaForex Company – www.instaforex.com
Price is approaching our first resistance where we remain bearish below this level.
Entry : 1.1227
Why it’s good : horizontal overlap resistance, 38.2% fibonacci retracement
Stop Loss : 1.1277
Why it’s good : 76.4% fibonacci retracement, horizontal pullback resistance
Take Profit : 1.1139
Why it’s good : horizontal swing low support
The material has been provided by InstaForex Company – www.instaforex.com
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