On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63237 at the overlap resistance in line with the 78.6% fibonacci retracement to the take profit at 0.63963 at the swing high. Alternatively, price may reverse off the entry and drop to the stop loss at 0.61924 at the multiple swing lows and 50% fibonacci retracement. Take note the price of 0.62694 could be the intermediate support, which is in line with multiple swing highs.
Trading Recommendation
Entry: 0.63237
Reason for Entry:Overlap resistance
Take Profit: 0.63963
Reason for Take Profit:Swing high
Stop Loss: 0.61924
Reason for Stop Loss:
Multiple swing lows and 50% fibonacci retracement
