Type: Bullish BounceKey Levels:Resistance: 0.69889Pivot: 0.68752Support: 0.68332Preferred Case:On the H4, with price expected to bounce off the support of the Ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.69889 in line with the swing high resistance from our pivot at 0.68752 in line with the horizontal overlap support, 50% Fibonacci retracement and 100% Fibonacci projection.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 0.68332 in line with the 138.2% Fibonacci extension and 61.8% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-i-potential-rise4"
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