Description :
Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high is.
Trading Recommendation
Entry: 159.436
Reason for Entry: overlap resistance and 50% Fibonacci line
Take Profit: 1.10481
Reason for Take Profit:
Previous swing low
Stop Loss: 1.14351
Reason for Stop Loss:
Previous swing high
