Day: September 22, 2023

TitleGBPUSD H4 | Rising toward 1st resistance? TypeBullish Bounce Preference: The price has just bounced off the pivot point at 1.23054, which aligns with the 127.2% Fibo extension level. A bounce from this level could lead the price to rally toward the 1st resistance at 1.23694, which is a pullback resistance. Alternative scenario:However, if the […]

TitleUSDCAD H4 | Reversal from 38.2% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.35041 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33895 which is a […]

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