On the H4, price is reacting within the ascending channel, signifying an overall bullish momentum. Price is approaching the 1st Support, we can expect to see price make a bullish bounce from 1st Support in line with 100% Fibonacci projection, 78.6% Fibonacci retracement and ascending channel support towards 1st Resistance in line with previous swing high and 78.6% Fibonacci projection. Our short-term bearish bias is further supported by the RSI indicator where it is approaching the support level.
Reason for Entry:
100% Fibonacci projection, 78.6% Fibonacci retracement and ascending channel support
Take Profit: : 0.73091
Reason for Take Profit:Previous swing high and 78.6% Fibonacci projection
Stop Loss: 0.71369
Reason for Stop Loss:
127.2% Fibonacci projection, previous swing low
*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |
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