Type: Bullish BounceKey Levels:Resistance: 1783.95Pivot: 1646.5Support: 1464.71Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 1646.5 where the overlap resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1783.95 where the swing high resistance, 127.2% fibonacci extension and 61.8% fibonacci projection are.Alternative Scenario:Alternatively, price could drop to 1st support at 1464.71 where the pullback support, 100% fibonacci projection and 38.2% fibonacci retracement are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bullish-continuation2"
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.