Price is approaching our first resistance (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop to our major support (horizontal swing low support, 61.8% Fibonacci retracement) might occur. Stochastic is also approaching resistance and ichimoku cloud is under bearish pressure as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.