Type: Bullish BreakoutKey Levels:Resistance: 2012.25Pivot: 1916.67Support: 1786.26Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1916.67 where the pullback support is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 2012.25 where the swing high resistance is.Alternative Scenario:Alternatively, price could drop to 1st support at 1786.26 where the pullback support, 38.2% fibonacci retracement and 100% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bullish-continuation16"
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