DE30EUR H4 | Bullish bounce off pivot?

Title
DE30EUR H4 | Bullish bounce off pivot?

Type
Bullish Bounce

Preference:

Price could fall to our pivot point at 15864.2, which is an overlap support level. Price could potentially continue its bullish momentum and bounce off the pivot point, to rise towards the 1st resistance at 15983.3, which is a swing high resistance level.

Alternative scenario:

If price breaks below the pivot point, then price could fall to the 1st support at 15779.5, which is an overlap support level.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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DE30EUR H4 | Bullish bounce off pivot?

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