Type: Bearish ReversalKey Levels:Resistance: 1.91543Pivot: 1.90271 Support: 1.8844Preferred Case:On the H4, with price moving below our Ichimoku cloud, we have a bias that price will drop from pivot at 1.90271 in line with the horizontal pullback resistance and 50% Fibonacci retracement to 1st support at 1.8844 in line with the 161.8% Fibonacci extension.Alternative Scenario:On the H4, with price moving below our Ichimoku cloud, we have a bias that price will drop from pivot at 1.90271 in line with the horizontal pullback resistance and 50% Fibonacci retracement to 1st support at 1.8844 in line with the 161.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpnzd-h4-i-potential-drop"
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