Might the 200-week simple moving average act as major support?
A price action above 25500 supports a bullish trend direction.
Further bullish confirmation for a break above 26500.
The target price is set at 27800 (its 78.6% Fibonacci retracement level).
The stop-loss is set at 24300 (its 23.6% Fibonacci retracement level).
Fading downside momentum supports the trade idea.
A price action above 25500 supports a bullish trend direction.
Further bullish confirmation for a break above 26500.
The target price is set at 27800 (its 78.6% Fibonacci retracement level).
The stop-loss is set at 24300 (its 23.6% Fibonacci retracement level).
Fading downside momentum supports the trade idea.