FX.co ★ DSHUSD Potential For Bullish Rise to overlap resistance

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 64.03, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 58.33, where the previous overlap support is. Take profit will be at 85.30 where the overlap resistance is.

Trading Recommendation

Entry: 64.03

Reason for Entry: overlap support and 61.8% Fibonacci line

Take Profit: 85.30

Reason for Take Profit: overlap resistance

Stop Loss: 58.33

Reason for Stop Loss:

previous overlap support