FILUSD Potential For Bullish Rise to previous swing high
January 30, 2023 9:21 am
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
The material has been provided by InstaForex Company – www.instaforex.com
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
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: