On the H4, with price expected to reverse off the stochastics indicator, we have a bias that price will drop from our entry at 1.28863 in line with the 61.8% Fibonacci projection to our take profit at 1.27090 in line with the horizontal swing low support and 61.8% Fibonacci projection . Alternatively, price may break our entry structure and head for our stop loss at 1.29422 in line with the 78.6% Fibonacci projection .
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