Type: Bearish ReversalKey Levels:Resistance: 81.273Pivot: 80.932Support: 80.237Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 38.2% Fibonacci retracement towards our 1st support at 80.236 in line with 127.2% Fibonacci extension. Prices are trading below our ichimoku clouds, further supporting our bearish bias.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 81.273 in line with 61.8% Fibonacci Retracement and 23.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audjpy-h4-or-potential-for-dip"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.