Day: May 27, 2023

Title GBPUSD H4 | Cable heading into resistance Type Bearish Reversal Preference: Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.22811. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of 1.2394. […]

TitleEURUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07069. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.07951. To discuss this trading idea, […]

TitleUSDCAD H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st support level at 1.35596, a pullback support level. Alternative scenario:However, if price breaks above the piovt, it could rally to 1st resistance […]

TitleAUDUSD, Day | Bounce off support level TypeBearish Breakout Preference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could rally to 1st resistance at 0.65818 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to […]