Type: Bearish Reversal Key Levels:Resistance: 32601.75 Pivot: 31881.43 Support: 30975.41 Preference Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 31881.43 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 30975.41 where the swing low support is. Alternative Scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32601.75 where the pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/us30usd-h4-or-potential-bearish-drop8"
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