Thoughts on Baidu?
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that prices will rise from the buy entry at 130.7 where the overlap support and 61.8% fibonacci projection are to the take profit at 155.6 where the swing high resistance, 100% fibonacci projection and 61.8% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss at 104.0 where the swing low support and -61.8% fibonacci expansion are.
Entry: 130.7
Take Profit: 155.6
Stop Loss: 104.0
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