Type: Bullish BounceKey Levels:Resistance: 0.98726Pivot: 0.97157Support: 0.96394Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 0.97157 where the horizontal swing low support is to our 1st resistance at 0.98726 in line with the pullback resistance, 161.8% fibonacci extension , 61.8% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Alternatively, price may break entry structure and head for 1st support at 0.96394 where the horizontal overlap support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-bullish-momentum"
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