See also
10.08.2022 06:28 AM
On the H4, price is still bullish biased as it fails to pull back to the first support the previous session. It is currently moving towards the first resistance at 135.599 which coincides with the 61.8% Fibonacci retracement and the previous swing low. If price breaks this level, it will move up to test at the second resistance which is the previous swing high at 137.506. Alternatively, price could pull back to test at the first support 134.361 which is the previous swing low
Trading Recommendation
Entry: 134.361
Reason for Entry:
Pullback
Take Profit: 136.000
Reason for Take Profit:61.8% fibonacci projection sits
Stop Loss: 132.467
Reason for Stop Loss:
Swing low key level
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
