With the price crossing below the ichimoku cloud on the H4, we have a bearish bias that the price may fall to the first support level at 0.65398, which is marked by the 50% Fibonacci line. Alternatively, the price could break the first resistance at 0.67711, which is in line with the 61.8% fibonacci line, before heading towards the 2nd resistance line at 0.69161, the previous swing high.
Trading Recommendation
Entry: 0.65398
Reason for Entry: 1st support line
Take Profit: 0.67711
Reason for Take Profit:
1st resistance line & previous swing high
Stop Loss: 0.64076
Reason for Stop Loss:
Previous swing low and 2nd support line
