Type: Bullish BounceKey Levels:Resistance: 1.77358Pivot: 1.7173Support: 1.70163Preferred Case:Prices are at a pivot. We see the potential for bounce from our Pivot at 1.7173 which is an area of Fibonacci confluences towards our 1st resistance at 1.77358 in line with 61.8% Fibonacci retracement. RSI is on bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.70163.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpaud-h4-or-potential-for-bounce"
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.