Type: Bearish BreakoutKey Levels:Resistance: 0.68527Pivot: 0.67646Support: 0.66034Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 0.67646 in line with the 100% projection to the 1st support at 0.66034 in line with the 161.8% fibonacci extension and 78.6% fibonacci projection .Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 0.68527 in line with the overlap swing high and 100% fibonacci projection
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-bearish-continuation13"
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