Type: Bearish ReversalKey Levels:Resistance: 2836Pivot: 2747Support: 2334Preferred Case:On the H4, Price is near pivot level of 2747 in line with our horizontal swing high resistance and 50% Fibonacci retracement. Price can potentially dip to the graphical overlap support of 2334 in line with the swing low support. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it. Alternative Scenario:Alternatively, price can go to our 1st resistance level of 2836 in line with the horizontal overlap resistance and 61.8% Fibonacci retracement is
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bearish-continuation"
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.