Looking at the H4 chart, we can see that the 1st support is at 0.64102 which is overlap support that is in line with the 50% Fibonacci line. If the price breaks this level, we could see it drop to 2nd support is down at 0.63355. As the current price is above the Ichimoku cloud and there is an ascending trend line, which suggests bullish momentum.
For the resistance, our 1st resistance is at 0.65130 which is a recent swing high resistance area.
Buy entry at 0.64079, take profit at 0.65089 and stop loss at 0.636350
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For the resistance, our 1st resistance is at 0.65130 which is a recent swing high resistance area.
Buy entry at 0.64079, take profit at 0.65089 and stop loss at 0.636350
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.