Type: Bullish RiseKey Levels:Resistance: 236. 40 Pivot: 220.00 Support: 207.60Preferred Case:On the H4, with price moving above the ichimoku cloud and the MACD histogram is above zero, we have a bullish bias that price will rise from our pivot at 220.00 where the pullback resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 236. 40 where the swing high resistance is.Alternative Scenario:Alternatively, price could drop to 1st support at 207.60 where the swing low support is.Fundamentals:No key news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/coffee-c-futures-kc1-h4-potential-for-bullish-rise"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.