Type: Bearish ReversalKey Levels:Resistance: 1830.4Pivot: 1818.4Support: 1787.3Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop from our pivot at 1818.4 where the horizontal pullback resistance and 23.6% fibonacci retracement are to our 1st support at 1787.3 in line with swing low support and 78.6% fibonacci projection.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1830.4 in line with overlap resistance and 38.2% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bearish-momentum15"
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