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BCOUSD Potential for Bullish Rise

On the H4, with price braking the descending trendline, and the histogram of MACD is above zero axis, we have a bullish bias that the price may rise from our buy entry at 98.708, which is in line with the overlap support to the take profit at 103.518, which is in line with the 50% fibonacci retracement and 78.6% fibonacci projection. Otherwise, the price may drop to our stop loss at 95.863, where the swing low support is.

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