
On the H4, with the price moving below the Ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop to the sell entry at 0.67264, which is in line with the previous swing low. If the price can break this support level, the take profit could be at 0.66809, where the 61.8% Fibonacci projection and swing low are. Alternatively, the price may rise to the stop loss at 0.67770, where the 23.6% Fibonacci retracement and overlap resistance are. #OPINIONLEADER#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.

Leave Your Message Now