Type: Bearish MomentumKey Levels:Resistance: 11928.0Pivot: 11449.6Support: 10545.4Preferred Case:On the H4, with price recently breaking the ascending trend channel and moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 11449.6 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 10545.4 in line with the overlap support and 61.8% fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 11928.0 in line with the pullback resistance and 78.6% fibonacci projection .Fundamentals:No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/wtiusd-h4-potential-for-bearish-continuation"
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