Type:
Bullish Continuation
Key Levels:
Resistance:
4173.25
Pivot:
3913.25
Support:
3751.75
Preferred Case:
On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , which is marked by the 78.6% Fibonacci Fibonacci line.
Alternative Scenario:
Price may fall back down to retest the pivot line at 3913.25, which is where the 50% Fibonacci line is.
Fundamentals:
There are no major news
Source: Tickmill