Type: Bearish ReversalKey Levels:Resistance: 19.431Pivot: 18.797Support: 18.026Preferred Case:On the H4, with price moving below the ichimoku cloud and moving in a descending trend channel, we have a bearish bias that price will continue to drop from the pivot at 18.797 in line with the 61.8% fibonacci projection to the 1st support at 18.026 at the swing low.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 19.431 at the overlap resistance in line with the 38.2% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/si1-h4-or-potential-bearish-continuation20"
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