A price action above 40400 supports a bullish trend direction.
Increase long exposure for a break above 41600.
The target price is set at 43100, which is close to its 38.2% Fibonacci retracement level.
The stop-loss is set at 39100.
Currently testing its 78.6% Fibonacci retracement, which might act as major support.
This level also confluences with its 200-day simple moving average.
Increase long exposure for a break above 41600.
The target price is set at 43100, which is close to its 38.2% Fibonacci retracement level.
The stop-loss is set at 39100.
Currently testing its 78.6% Fibonacci retracement, which might act as major support.
This level also confluences with its 200-day simple moving average.