Type: Bearish ReversalKey Levels:Resistance: 1857.3Pivot: 1834.6Support: 1797.5Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 1797.5 where our horizontal swing low support is at from our pivot at 1834.6 in line with horizontal pullback resistance and 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price may break structure and head for the 1st resistance at 1857.3 in line with the horizontal swing high resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bearish-continuation"
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