Type:
Bullish Rise
Key Levels:
Resistance: 17425
Pivot: 18560
Support: 19370
Preferred Case:
On the H4, price has broken the swing low, we’re looking for a break out of 18560 levels where the 61.8% projection sits. If bearish momentum continues, it should bring price to 17425 where the 78.6% projection sits
Alternative Scenario:
Alternatively, price could pull back to the 19370 levels where the support sits
Fundamentals:
No key news
Source: Tickmill