MSFT Potential for bullish rise | 2nd August 2022

On the H4, with prices moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the buy entry at 275.24 where the overlap support and 23.6% fibonacci retracement are to the take profit at 290.73 where the swing high resistance, 127.2% fibonacci extension and 61.8% fibonacci retracement are. Alternatively, price could break entry structure and drop to stop loss at 269.22 where the overlap support and 38.2% fibonacci retracement are.

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