Type: Bearish BreakoutKey Levels:Resistance: 21.448Pivot: 20.915Support: 20.429Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 20.915 at the swing low to our 1st support at 20.429 in line with the horizontal swing low.Alternative Scenario:Alternatively, price may rise form the pivot to the pullback resistance at 21.448 in line with the confluence area between 61.8% fibonacci projection, 100% fibonacci projection and 50% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/si1-h4-or-potential-bearish-continuation"
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