See also
On the H4 timeframe, prices are consolidating in an ascending channel and on bullish momentum. We see the potential for further bullish continuation from our 1st support at 0.67823 which is a graphical overlap towards our 1st resistance at 0.68367 in line with 61.8% Fibonacci extension. RSI is at levels where bounces occurred previously, further supporting our bullish bias. Alternatively, our stop loss will be placed at 0.67554 in line with 78.6% Fibonacci extension.
Trading Recommendation
Entry: 0.67823
Reason for Entry:
Graphical overlap
Take Profit: 0.68367
Reason for Take Profit:61.8% Fibonacci extensionStop Loss: 0.67554
Reason for Stop Loss:
78.6% Fibonacci extension
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.