Type: Bullish BreakoutKey Levels:Resistance: 0.69618Pivot: 0.68302Support: 0.6729Preferred Case:On the H4, with price recently breaking out of the descending trendline and RSI moving in an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 0.68302 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at 0.69618 at the swing high in line with the 100% fibonacci projection and 78.6% fibonacci retracement.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at 0.6729 at the swing low in line with the 61.8% fibonacci projection
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-bullish-continuation87"
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