Based on the H4 chart analysis, we can see that, price is currently at our buy entry which is a pullback support level. Our stop loss will be at 0.5893 which is another pullback support level. Take profit will be at 0.6096 which is an overlap resistance that aligns with a 38.2% Fibonacci retracement.
Moreover, the RSI is displaying bullish divergence versus price, suggesting a potential bullish reversal in the market.
Moreover, the RSI is displaying bullish divergence versus price, suggesting a potential bullish reversal in the market.