Description :
Looking at the Daily chart, my overall bias for BCHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 138.53, where the recent high is, we are looking to take profit at 164.97, where the previous swing high is. Stop loss will be placed at 125.82, where the previous overlap support is.
Trading Recommendation
Entry: 138.53
Reason for Entry: Recent high
Take Profit:164.97
Reason for Take Profit: Previous swing high
Stop Loss: 125.82
Reason for Stop Loss:
Previous overlap support
