Type: Bearish MomentumKey Levels:Resistance: 61225Pivot: 60429Support: 58199Preferred Case:On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60429 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 58199 in line with the swing low support and 61.8% fibonacci projection .Alternative Scenario:Alternatively, price may break through pivot structure and rise to the 1st resistance level at 61225 in line with the overlap resistance, 50% fibonacci retracement and 78.6% fibonacci projection .Fundamentals:No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/silver-futures-silver1-h1-potential-for-bearish-momentum14"
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.