Potential Bullish Continuation

2022년 7월 4일

On the H4, with price moving above the ichimoku cloud and in an ascending trendline, we have a bullish bias that price will continue to rise from the 1st support at 1.53278 at the pullback support in line with the 61.8% fibonacci projection and 100% fibonacci projection to the 1st resistance at 1.55976 at the pullback resistance. Alternatively, price may reverse off the 1st support and drop to the 2nd support at 1.50681 at the swing low in line with the 61.8% fibonacci projection.


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