Type: Bullish BounceKey Levels:Resistance: 1.04951Pivot: 1.03379Support: 1.02459Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1.03379 where the horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection are to our 1st resistance at 1.04951 in line with the swing highAlternative Scenario:Alternatively, price may break pivot structure and we can expect the bearish momentum to carry price to 1st support at 1.02459 in line with swing low support and 100% fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurchf-h4-or-potential-bullish-momentum13"
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