On H4, with the MACD is showing a golden cross, we have a bullish bias that the price may rise from the buy entry at 0.62629, which is in line with the swing low to the take profit at 0.63876, where the 23.6% fibonacci retracement and 50% fibonacci retracement are. Alternatively, the price may drop to the stop loss at 0.62035, where the 61.8% fibonacci projection is.
Trading Recommendation
Entry: 0.62629,
Reason for Entry: swing low
Take Profit: 0.63876
Reason for Take Profit:
23.6% fibonacci retracement and 50% fibonacci retracement
Stop Loss: 0.62035
Reason for Stop Loss:
61.8% fibonacci projection
