Friday, February 10, 2023

ETHUSD potential for bearish drop to overlap support

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleETHUSD potential for bearish drop to overlap supportTypeBearish ReversalPreference:Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.Looking for price to retest the pivot which is the overlap resistance. Expect price to then drop towards the overlap support.The resistance is here.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-potential-for-bearish-drop-to-overlap-support"
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