Wednesday, July 27, 2022

10 Year US T-Note Futures (TN1!), H4 Potential For Bullish Rise

Type: Bullish RiseKey Levels:Resistance: 131'06'0Pivot: 130'00'0Support: 128'12'0Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 130'00'0 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , we would expect bullish momentum to carry prices to 1st resistance at 131'06'0 where the swing high resistance, 61.8% fibonacci projection and 127.2% fibonacci extension .Alternative Scenario:Alternatively, price could drop to the 1st support at 128'12'0 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are.Fundamentals:No Major News

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/10-year-us-t-note-futures-tn1-h4-potential-for-bullish-rise"
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