Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement
, 100% Fibonacci extension
) where we might see a further rise to our major resistance (horizontal swing high resistance, 38.2%Fibonacci retracement, 100% Fibonacci extension
is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.