Type: Bearish ReversalKey Levels:Resistance: 1.01Pivot: 0.91Support: 0.69Preferred Case:On the H4, with price expected to reverse off the stochastics resistance, we have a bias that price will drop from pivot of 0.91 in line with the horizontal swing high resistance, 78.6% Fibonacci projection to 1st support at 0.69 in line with the pullback support and 78.6% Fibonacci retracement.Alternative Scenario:Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1.01 in line with the horizontal swing high resistance and 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/xrpusd-h4-i-potential-drop"
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.