Type: Bullish BounceKey Levels:Resistance: 1.52906Pivot: 1.51914Support:1.5047Preferred Case:With price expected to reverse off the stochastic indicator, we have a bearish bias that price will drop from our pivot at 1.51914 in line with the 78.6% Fibonacci projection and horizontal swing high resistance to our 1st support at 1.5047 in line with the horizontal overlap support.Alternative Scenario:Alternatively, price may break structure and head for 1st resistance at 1.52906 where the 127.2% Fibonacci extension lines up with the 100% Fibonacci projection
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euraud-h4-i-potential-reversal"
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