Type: Bullish BounceKey Levels:Resistance: 0.66252Pivot: 0.65721Support: 0.66252Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 0.65721 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.66252 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audchf-h4-or-potential-for-bullish-bounce"
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