On the H4, price is moving above ichimoku cloud, we have a bullish bias that the price may rise to the 1st resistance at 1.19008, which is in line with the 78.6% fibonacci and the previous swing high. Alternatively, the price may drop to retest the 1st support at 1.17381, where the previous swing high is.
Trading Recommendation
Entry: 1.17381
Reason for Entry: Breaking the 1st support line
Take Profit: 1.13497
Reason for Take Profit:
2nd support line
Stop Loss: 1.19008
Reason for Stop Loss:
1st resistance line
