Type:
Bullish Rise
Key Levels:
Resistance: 144.475
Pivot: 141.150
Support: 138.225
Preferred Case:
On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from the pivot at 141.150 where the pullback support is to the 1st resistance at 144.475 in line with swing high resistance.
Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 138.225 where the pullback support, 61.8% fibonacci projection and 38.2% fibonacci retracement are.
Fundamentals:
No Major News
Source: Tickmill