Type: Bullish BreakoutKey Levels:Resistance: 0.69579Pivot: 0.68608Support: 0.67995Preferred Case:On the H4, with price moving above the ichimoku cloud, moving in an ascending support and breaking out of the descending trend channel, we have a bullish bias that price will rise from the pivot at 0.68608 at the overlap resistance to the 1st resistance at 0.69579 at the swing high.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at 0.67995 at the overlap support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-bullish-continuation22"
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