FX.co ★ ETHUSD Potential For Bullish Rise to intermediary high

Description :

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

Looking for a buy limit entry at 1648.84, where the overlap support is. Stop loss will be at 1605.00, where the recent low is. Take profit will be at 1789.86, where the intermediary high is.

Trading Recommendation

Entry: 1648.84

Reason for Entry: Overlap support

Take Profit: 1789.86

Reason for Take Profit: Intermediary high

Stop Loss: 1605.00

Reason for Stop Loss:

Recent low