Type:
Bullish Rise

Key Levels:
Resistance: 721’0
Pivot: 667’4
Support: 641’0

Preferred Case:
On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 667’4 where the pullback support and 50% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to the 1st resistance at 721’0 in line with pullback resistance and 161.8% fibonacci extension.

Alternative Scenario:
Alternatively, price could drop to the 1st support at 641’0 where the pullback support and 38.2% fibonacci retracement are.

Fundamentals:
No Major News