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25.01.2023 09:59 AM
DOGEUSD Potential For Bullish Rise to overlap resistance

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Description :

Looking at the H4 chart, my overall bias for DOGEUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 0.07961, where the overlap support is, we are looking to take profit at 0.09511, where the overlap resistance and 61.8% Fibonacci line is. Stop loss will be placed at 0.07456, where the previous overlap support is.

Trading Recommendation

Entry: 0.07961

Reason for Entry: Overlap support

Take Profit:0.09511

Reason for Take Profit: Overlap resistance

Stop Loss: 0.07456

Reason for Stop Loss:

Previous overlap support

Dean Leo,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2023
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