Type: Bullish BounceKey Levels:Resistance: 1.2445Pivot: 1.23151Support: 1.22736Preferred Case:On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 1.2445 in line with horizontal swing high resistance and 161.8% Fibonacci extension from our pivot of 1.23151 in line with our horizontal pullback support. Our bullish bias is further supported by how price recently broke the ascending channel.Alternative Scenario:Alternatively, price may break structure and head for the 1st support at 1.22736 in line with the horizontal overlap support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpchf-h4-or-potential-bullish-continuation"
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.