On the H4, with prices moving above the ichimoku cloud and breaking the descending trend, we are bullish. Price seems like it's rising toward the first resistance at 0.9657 where the 61.8% fibonacci retracement sits. If price continues with the bullish momentum it will test the second resistance at 0.9737. Alternatively, prices could test the intermediate support at 0.9469 where the swing low sits and then the first support at 0.9369 where the 78.6% fibonacci retracement sits

Trading Recommendation

Entry: 0.9469

Reason for Entry:

Pull back buy entry

Take Profit: 0.9657

Reason for Take Profit:Swing low support and 78.6% retracementStop Loss: 0.9369

Reason for Stop Loss:

Previous swing low and 78.6% projection