Type: Bullish BounceKey Levels:Resistance: 1.11626Pivot: 1.10526Support: 1.09511Preferred Case:On the H4, with prices breaking above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will drop and rise from our pivot at 1.10526 where the horizontal pullback support is to our 1st resistance at 1.11626 in line with the 100% fibonacci projection and swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.09511 where the horizontal swing low support and 127.2% fibonacci extension are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audnzd-h4-or-potential-bullish-rise"
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