DSHUSD Potential For Bullish Rise to previous swing high
February 14, 2023 10:22 am
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 an immediate entry at 62.91, to ride the bullish momentum. Price is also respecting the intermediary support level at 61.99. Stop loss will be at 60.38, where the recent low is. Take profit will be at 68.17, where the previous swing high is.
Trading Recommendation
Entry: 62.91
Reason for Entry: Immediate buy entry to ride the bearish momentum with price respecting the intermediary support level at 61.99
Take Profit: 1338.20
Reason for Take Profit: Overlap support
Stop Loss: 60.38
Reason for Stop Loss:
Recent low
The material has been provided by InstaForex Company – www.instaforex.com
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 an immediate entry at 62.91, to ride the bullish momentum. Price is also respecting the intermediary support level at 61.99. Stop loss will be at 60.38, where the recent low is. Take profit will be at 68.17, where the previous swing high is.
Trading Recommendation
Entry: 62.91
Reason for Entry: Immediate buy entry to ride the bearish momentum with price respecting the intermediary support level at 61.99
Take Profit: 1338.20
Reason for Take Profit: Overlap support
Stop Loss: 60.38
Reason for Stop Loss:
Recent low
The material has been provided by InstaForex Company – www.instaforex.com
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