Type: Bearish DropKey Levels:Resistance: 1917.5Pivot:1744.0Support:1656.5Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is.Alternative Scenario:Price may possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/palladium-futures-pa1-h4-potential-for-bearish-drop"
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.