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). Stochastic is approaching support as well where we might see a corresponding bounce in price.
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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.
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