Type: Bearish BreakoutKey Levels:Resistance: 32613.63Pivot: 31890.53Support: 30448.75Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31890.53 where the pullback support, 100% fibonacci projection, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 30448.75 where the pullback support is.Alternative Scenario:Alternatively, price could rise to 1st resistance at 32613.63 in line with pullback
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/us30usd-h4-or-potential-bearish-drop"
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