USDSEK H4 Potential Bullish Bounce | 1st March 2022Prices are on bullish momentum and abiding to our ascending channel. We see the potential for a bounce from our buy entry at 9.44595 in line with Fibonacci Confluence (61.8% Fibonacci retracement and 61.8% Fibonacci projection) towards our Take Profit at 9.60693 in line with 161.8% Fibonacci extension . Our bullish bias is further supported by how prices are trading above our Ichimoku cloud indicator and RSI are at levels where bounces previously occurred.
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