Type : Bearish Momentum
Resistance : 0.62475
Pivot: 0.61855
Support : 0.61190
Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection , 61.8% fibonacci projection and 50% fibonacci retracement to the 1st support at 0.61190 where the 127.2% fibonacci extension and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.62475 where the swing high resistance and 127.2% fibonacci extension are.
Fundamentals: No Major News
Resistance : 0.62475
Pivot: 0.61855
Support : 0.61190
Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection , 61.8% fibonacci projection and 50% fibonacci retracement to the 1st support at 0.61190 where the 127.2% fibonacci extension and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.62475 where the swing high resistance and 127.2% fibonacci extension are.
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.