Type: Bearish ReversalKey Levels:Resistance: 1878.9Pivot: 1841.7Support: 1784.7Preferred Case:On the H4, with price moving in a descending trendline and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1841.7 in line with the 50% fibonacci retracement to the 1st support at 1784.7 at the horizontal swing low.Alternative Scenario:Alternatively, price may rise above the pivot to the 1st resistance at 1878.9 in line with the 78.6% fibonacci projection and 38.2% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bearish-continuation27"
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.