Day: October 20, 2023
Oct
20
XAUUSD H4 | Potential Bearish reversal?
TitleXAUUSD H4 | Potential Bearish reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1954, which serves as an overlap resistance. A reversal from this point could lead to a price drop to the 1st support at 1933, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it […]
Oct
20
EURJPY H4 | Bullish bounce off 61.8% fibo?
TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance. Alternative scenario:If price falls below […]