Day: May 7, 2023

TitleEURUSD H4 | Falling towards support TypeBullish Bounce Preference:Price could approach our pivot point of 1.09405 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10323. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.08869. To discuss this trading idea, […]

TitleGBPUSD H4 | Bearish Divergence TypeBearish Reversal Preference:Price is currently at our pivot point at 1.26293 which is swing high resistance level. A reverse from here price could drop to our 1st support at 1.25442which is an overlap support that lines up with 38.2% Fibonacci retracement. Alternative scenario:However, if price breaks above the pivot, it […]