On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the 1st resistance at 0.64665, where the swing high and 78.6% fibonacci retracement are to the 2nd resistance at 0.65736 where the swing high is. Alternatively, price may drop to the 1st support at 0.63630 which is in line with 23.6% fibonacci retracement and overlap support.
Trading Recommendation
Entry:0.64665
Reason for Entry:Swing high and 78.6% fibonacci retracement
Take Profit: 0.65736
Reason for Take Profit:Swing high
Stop Loss: 0.63630
Reason for Stop Loss:
23.6% fibonacci retracement and overlap support
