Type: Bullish BounceKey Levels:Resistance: 1867.4Pivot: 1839.8Support: 1830.8Preferred Case:On the H4, with prices bouncing off the ichimoku cloud and breakout from descending trendline, we have a bullish bias that price will rise from our pivot at 1839.8 where the horizontal swing low support and 38.2% fibonacci retracement are to our 1st resistance at 1867.4 in line with the horizontal swing high resistance,61.8% Fibonacci retracement and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1830.8 where the horizontal overlap support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bullish-continuation31"
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