Type:
Bullish Rise
Key Levels:
Resistance: 20820
Pivot: 19340
Support: 18330
Preferred Case:
On the H4, price has bounced off the support level and broken the swing low, we’re looking for a break out of 19340 levels where the 78.6% retracement sits. If bullish momentum continues, it should bring price to 20820 where the 78.6% projection sits
Alternative Scenario:
Alternatively, price could pull back to the 18330 levels where the support sits
Fundamentals:
No key news
Source: Tickmill