On the H4, with the price moving below the ichimoku cloud, moving within the descending channel and MACD indicators are below zero, we have a bearish bias that the price may drop from the 1st support at 0.67749, which is in line with the swing low to the 2nd support at 0.67088, where the swing lows are. Alternatively, the price may rise to the 1st resistance 0.68614, where the overlap resistance and 23.6% fibonacci retracement are.
Trading Recommendation
Entry: 0.67749
Reason for Entry:Swing low
Take Profit:0.67088
Reason for Take Profit:Swing lows
Stop Loss: 0.68614
Reason for Stop Loss:
Overlap resistance and 23.6% fibonacci retracement
