Type : Bullish Rise
Resistance : 0.63190
Pivot: 0.62480
Support : 0.61865
Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 0.63190 where the swing high resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 0.61865 in line with the pullback support and 61.8% fibonacci projection .
Fundamentals: No Major News
Resistance : 0.63190
Pivot: 0.62480
Support : 0.61865
Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 0.63190 where the swing high resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 0.61865 in line with the pullback support and 61.8% fibonacci projection .
Fundamentals: No Major News
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.