On the H4, with the price moving below the ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop from the 1st support at 0.67619, which is in line with the multiple swing lows to the 2nd support at 0.67098, where the swing lows are. Alternatively, the price may rise to the 1st resistance 0.68286, where the 23.6% fibonacci retracement is.
Trading Recommendation
Entry: 0.67619
Reason for Entry:Multiple swing lows
Take Profit: 0.67098
Reason for Take Profit:Swing lows
Stop Loss:0.68286
Reason for Stop Loss:
23.6% fibonacci retracement
