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03.02.2023 09:23 AM
BTCUSD Potential For Bullish Rise to previous swing high

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Description :

Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.

Looking for a pullback buy entry at 23180.00, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 22137.60, slightly below where the intermediary support is. Take profit will be at 25212.00, where the previous swing high was.

Trading Recommendation

Entry: 23180.00

Reason for Entry: Retest overlap support and 61,8% Fibonacci line

Take Profit:25212.00

Reason for Take Profit: Previous swing high

Stop Loss: 22137.60

Reason for Stop Loss:

Slightly below where the intermediary support

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
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NZDUSD, H4 | Potential Bearish Reversal
The NZD/USD chart currently displays a bearish momentum, with price below a major descending trend line and the bearish Ichimoku cloud. The potential price movement could involve a bearish reaction off the 1st resistance, leading to a drop towards the 1st support level. At 0.6097, the 1st support.
作者: Dean Leo
04:46 2023-03-20 UTC--4
1900
XAUUSD, Day | Potential Bearish Reversal from?
Gold prices have been experiencing a bearish trend for some time now, which is reinforced by a major descending trend line on the XAU/USD chart. The current price could potentially move between the first support and resistance levels. The first support level is a multi-swing low support at 1881, wh.
作者: Dean Leo
04:45 2023-03-20 UTC--4
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EURUSD, Day | Potential reversel?
The EUR/USD pair has bullish momentum and may move towards the 1st resistance level. Pullback support at 1.0478, coinciding with the 38.20% Fibonacci retracement level, is currently supporting the price. If the price bounces from this support, it could reach the 1st resistance level at 1.1001, a si.
作者: Dean Leo
04:44 2023-03-20 UTC--4
1930
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