On the H4, with price moving above the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our take profit at 94.70 in line horizontal graphical swing high resistance and 78.6% Fibonacci retracement level from our entry in line with horizontal overlap support at 89.66. Alternatively, price may head to our stop loss which coincides with horizontal swing low support and 127.2% Fibonacci extension at 88.08.
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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.