Type: Bullish BounceKey Levels:Resistance: 1884.9Pivot: 1851.9Support: 1831.6Preferred Case:On the H4, with prices moving above the Ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1851.9 where the horizontal overlap support is to our 1st resistance at 1884.9 in line with the 78.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1831.6 where the horizontal overlap support, 38.2% Fibonacci retracement and 61.8% Fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-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.