Type: Bearish ReversalKey Levels:Resistance: 0.73178Pivot: 0.72908Support: 0.71743Preferred Case:Prices are consolidating in a parallel channel. With bearish divergence spotted on RSI, we see the potential for a dip from our Pivot at 0.72908 in line with 100% Fibonacci retracement and 100% Fibonacci extension towards our 1st support at 0.71743 in line with 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 0.73178 in line with 127.2% Fibonacci extension and 100% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-for-bearish-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.