Based on the H4 chart analysis, we can see that the price has rejected our sell entry level at 78.63, a pullback resistance that aligns with the 50% Fibonacci retracement.

Our stop loss is set at 81.72, an overlap resistance.

Our take profit is set at 74.83, an overlap support.

High Risk Investment Warning

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.