Type: Bullish BounceKey Levels:Resistance: 79.341Pivot: 75.739Support: 72.882Preferred Case:Prices are on bullish momentum and abiding to our bullish trendline. We see the potential for a bounce from our Pivot at 75.739 in line with 100% Fibonacci extension and 78.6% Fibonacci retracement towards our 1st resistance at 79.341 in line with 200% Fibonacci Projection and 100% Fibonacci retracement. Technical indicators are showing bullish momentum.Alternative Scenario:Alternative Scenario: Alternatively, prices may dip towards our 1st support at 72.882 in line with 100% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/wtiusd-h4-or-bullish-momentum"
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