GC1!, H4 | Potential Bearish Momentum, 22nd June


Type: Bearish ReversalKey Levels:Resistance: 1878.8 Pivot: 1861.7 Support:1805.9Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop from our pivot at 1861.7 where the horizontal swing high resistance and 100% fibonacci projection are to our 1st support at 1805.9 in line with swing low support and 78.6% fibonacci projection.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1878.8 in line with swing high resistance and 78.6% fibonacci projection.

Source: Tickmill

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