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

Description :

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

Looking for a pullback buy entry at 61.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 58.01, where the previous overlap support is. Take profit will be at 68.17, where the previous swing high was.

Trading Recommendation

Entry: 61.72

Reason for Entry: Retest overlap support and 38.2% Fibonacci line

Take Profit:68.17

Reason for Take Profit: Previous swing high

Stop Loss: 58.01

Reason for Stop Loss:

Previous overlap support