
Scheduled Maintenance
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our 1st resistance at 1.21570 where the horizontal overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are to our 1st support at 1.19313 where the horizontal swing low support and 78.6% fibonacci projection are. Alternatively, price could rise above 1st resistance structure and head to 2nd resistance at 1.24065 in line with the swing high resistance.
Trading Recommendation
Entry: 1.21570
Reason for Entry:
Horizontal overlap resistance, 100% fibonacci projection and 50% fibonacci retracement
Take Profit: 1.19313
Reason for Take Profit:Horizontal swing low support and 78.6% fibonacci projection
Stop Loss: 1.24065
Reason for Stop Loss:
Swing high resistance
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
ລິ້ງດ່ວນ