Thoughts on Baidu?
On the H4, with prices moving above the ichimoku cloud, I have a bullish bias that prices will rise from buy entry at 138.0 where the pullback support is to the take profit at 156.6 where the swing high resistance, 100% fibonacci projection and 127.2% fibonacci extension are. Alternatively, prices could break entry structure and drop to stop loss at 130.7 in line with overlap support and 50% fibonacci retracement.
Entry: 138.0
Take profit: 156.6
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