On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 96.14 in line with 38.2% Fibonacci retracement towards our take ptofit at 100.79 which is a strong resistance and in line with 161.8% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss, which coincides with the ascending trendline and 50% Fibonacci retracement at 93.84.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.