BCOUSD approaching resistance, potential drop!
BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement , horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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