TypeBearish BreakoutResistance: 1860Pivot:1838.9Support: 1807.4Preference:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 1838.9 in line with the pullback resistance and 23.6% fibonacci retracement to the 1st support at 1807.4 in line with the 78.6% fibonacci projection and multiple swing low.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 1860 in line with the 61.8% fibonacci projection and pullback resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bearish-continuation-20th-june"
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