Type: Bullish BounceKey Levels:Resistance: 1785.06Pivot: 1682.68 Support: 1648.56Preferred Case:On the H4, with RSI moving along an ascending trendline and price moving within an ascending channel as well as above the ichimoku indicator, we have a bullish bias that price will rise from pivot at 1682.68 where the pullback support is to the 1st resistance at 1785.06 where the swing high resistance, 127.2% fibonacci extension and 61.8% fibonacci projection are.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 1648.56 where the overlap support, 50% fibonacci retracement and 100% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bullish-continuation8"
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