Type: Bullish BounceKey Levels:Resistance: 0.74593Pivot: 0.716Support: 0.70099Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 0.716 at the overlap support to the 1st resistance at 0.74593 at the overlap swing high. and in line with the 61.8% fibonacci projection.Alternative Scenario:Alternatively, price may break the support structure at pivot and drop to the 1st support at 0.70099 in line with the 61.8% fibonacci retracement and 61.8% fibonacci projection and swing low.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-bullish-continuation8"
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.