Price has just broken a overlap support which is now our buy entry at 0.6429. It could potentially rise to 0.6516 which is a recent swing high resistance from 13th December 2022.
It is worth noting that there is an ascending support line and a bullish ichimoku cloud that is providing the bullish momentum to this trade.
Entry: 0.6429
Reason for Entry: Overlap support + bullish momentum from trend line and IKH
Take Profit: 0.6516
Reason for Take Profit:
Recent swing high resistance
Stop Loss: 0.6354
Reason for Stop Loss:
Overlap support
