FX.co ★ FILUSD Potential For Bullish Rise to previous swing high

Description :

Looking at the H4 chart, my overall bias for FILUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.

Looking for a buy entry at 5.165, where the intermediary support is. Stop loss will be at 4.895, where the overlap support is. Take profit will be at 6.551, where the previous swing high is.

Trading Recommendation

Entry: 5.165

Reason for Entry: Intermediary support

Take Profit:6.551

Reason for Take Profit: Previous swing high

Stop Loss:4.895

Reason for Stop Loss:

Previous overlap support